Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Required: Use only the appropriate accounts to prepare a balance sheet. Total assets Balances $19,500 1,700 26,500 11,000 11,500 13,500 32,500 4,700 ? Assets WOLFPACK CONSTRUCTION Balance Sheet December 31 Total liabilities Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Required: Use only the appropriate accounts to prepare a balance sheet. Total assets Balances $19,500 1,700 26,500 11,000 11,500 13,500 32,500 4,700 ? Assets WOLFPACK CONSTRUCTION Balance Sheet December 31 Total liabilities Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

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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