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You are given a list of accounts and amount of Starbucks Co. in the table below: Accounts Payable $61,250 Accounts Receivable $70,500 Building Capital Stock Cash $50,000 $50,000 $64,000 $30,000 $5,000 $125,000 $175,000 $25,000 Equipment Insurance Expense Land Notes Payable Sales Revenue Salaries Expense $20,000 Questions: A. Prepare a balance sheet for the Starbucks Co. for the fiscal year ending on Decembe 31, 2019. B. In order to complete your balance sheet, you need to calculate the amount fo retained earnings.

You are given a list of accounts and amount of Starbucks Co. in the table below: Accounts Payable $61,250 Accounts Receivable $70,500 Building Capital Stock Cash $50,000 $50,000 $64,000 $30,000 $5,000 $125,000 $175,000 $25,000 Equipment Insurance Expense Land Notes Payable Sales Revenue Salaries Expense $20,000 Questions: A. Prepare a balance sheet for the Starbucks Co. for the fiscal year ending on Decembe 31, 2019. B. In order to complete your balance sheet, you need to calculate the amount fo retained earnings.

FINANCIAL ACCOUNTING
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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A. Prepare a balance sheet for the Starbucks Co. for the fiscal year ending on December 31, 
2019. 
B. In order to complete your balance sheet, you need to calculate the amount for
retained earnings.

You are given a list of accounts and amount of Starbucks Co. in the table below: Accounts Payable Accounts Receivable $61,250 $70,500 Building Capital Stock Cash $50,000 $50,000 $64,000 Equipment Insurance Expense $30,000 $5,000 Land $125,000 $175,000 $25,000 Notes Payable Sales Revenue Salaries Expense $20,000 Questions: A. Prepare a balance sheet for the Starbucks Co. for the fiscal year ending on December 31, 2019. B. In order to complete your balance sheet, you need to calculate the amount for retained earnings.
Transcribed Image Text:You are given a list of accounts and amount of Starbucks Co. in the table below: Accounts Payable Accounts Receivable $61,250 $70,500 Building Capital Stock Cash $50,000 $50,000 $64,000 Equipment Insurance Expense $30,000 $5,000 Land $125,000 $175,000 $25,000 Notes Payable Sales Revenue Salaries Expense $20,000 Questions: A. Prepare a balance sheet for the Starbucks Co. for the fiscal year ending on December 31, 2019. B. In order to complete your balance sheet, you need to calculate the amount for retained earnings.
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