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

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 4.4C

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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:) Thank you

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

Utilities Expense
$6,000.00
Company
Balance Sheet
12/31/2018
Total:
Total:
*Total:
Total:
* * * *

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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