Edward Waltz is the bookkeeper for Edminson Company. Edward has been trying to get the balance sheet
Question:
Instructions
Prepare a correct balancesheet.
Transcribed Image Text:
EDMINSON COMPANY Balance Sheet December 31, 2014 Assets Cash Supplies Equipment Dividends Total assets $18,000 9,500 40,000 8,000 $75,500 Liabilities and Stockholders' Equity Accounts payable Accounts receivable Common stock Retained earnings Total liabilities and $16,000 (12,000) 40,000 31,500 stockholders' equity $75,500
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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