These items are taken from the financial statements of Flounder Corporation for 2022. Retained earnings (beginning of year) $32, 270 Utilities expense 2, 170 Equipment 67, 270 Accounts payable 19,570 Cash 13,930 Salaries and wages payable 5, 720 Common stock 12,000 Dividends 12,000 Service revenue 69, 580 Prepaid insurance 6,220 Maintenance and repairs expense 1,630 Depreciation expense 3,440 Accounts receivable 12,970 Insurance expense 2,360 Salaries and wages expense 38, 580 Accumulated depreciation-equipment 21,430 1. Create a Balance sheet with Assets 2. Liabilites and Stockholders Equity

These items are taken from the financial statements of Flounder Corporation for 2022. Retained earnings (beginning of year) $32, 270 Utilities expense 2, 170 Equipment 67, 270 Accounts payable 19,570 Cash 13,930 Salaries and wages payable 5, 720 Common stock 12,000 Dividends 12,000 Service revenue 69, 580 Prepaid insurance 6,220 Maintenance and repairs expense 1,630 Depreciation expense 3,440 Accounts receivable 12,970 Insurance expense 2,360 Salaries and wages expense 38, 580 Accumulated depreciation-equipment 21,430 1. Create a Balance sheet with Assets 2. Liabilites and Stockholders Equity

Name: These items are taken from the financial statements of Flounder Corpo
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Description: These items are taken from the financial statements of Flounder Corporation for 2022.Retained earnings (beginning of year) $32, 270 Utilities expense 2, 170 Equipment 67, 270Accounts payable 19,570 Cash 13, 930 Salaries and wages payable 5, 720 Comm

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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