Using the given account information, complete the balance sheet. Copy the template into the answer area and fill in the blanks with * to receive credit. Account Balance Accounts Payable $12,000.00 Advertising Expense $27,000.00 Cash $70,000.00 Common Stock $85,000.00 Dividends $8,000.00 Equipment $120,000.00 Interest Expense $600.00 Interest Payable $18,500.00 Inventory $55,000.00 Notes Payable $60,000.00 Rent Expense $5,000.00 Retained Earnings $4,600.00 Salaries Expense $2,000.00 Salaries Payable $4,500.00 Sales Revenue $95,000.00 Supplies $20,000.00 Unearned Revenue $34,000.00 Utilities Expense $6,000.00
Using the given account information, complete the balance sheet. Copy the template into the answer area and fill in the blanks with * to receive credit. Account Balance Accounts Payable $12,000.00 Advertising Expense $27,000.00 Cash $70,000.00 Common Stock $85,000.00 Dividends $8,000.00 Equipment $120,000.00 Interest Expense $600.00 Interest Payable $18,500.00 Inventory $55,000.00 Notes Payable $60,000.00 Rent Expense $5,000.00 Retained Earnings $4,600.00 Salaries Expense $2,000.00 Salaries Payable $4,500.00 Sales Revenue $95,000.00 Supplies $20,000.00 Unearned Revenue $34,000.00 Utilities Expense $6,000.00
Chapter3: Setting Up A New Company
Section: Chapter Questions
Problem 6Q
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The first picture is the given information and the second one shows where to place all of the numbers in a balance sheet :)
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