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
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 4.4C
Related questions
Question
100%
The first picture is the given information and the second one shows where to place all of the numbers in a balance sheet :)
Thank you

Transcribed Image Text: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
10
&
云

Transcribed Image Text:Utilities Expense
$6,000.00
Company
Balance Sheet
12/31/2018
Total:
Total:
*Total:
Total:
* * * *
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you

Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning

College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,

Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning

College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,