2. The following alphabetical listing shows the assets, liabilities, and shareholders' equity for Zap Ltd. as...

Transcribed Image Text:

2. The following alphabetical listing shows the assets, liabilities, and shareholders' equity for Zap Ltd. as of December 31, 2020. Prepare a balance sheet dated December 31, 2020. (10 Marks) Accounts payable $12,200 Inventory $23,500 Accounts receivable 21,000 Note payable 11,000 Cash 21,600 Retained earnings 17,100 Common shares 50,600 Salary payable 2,300 Equipment 24,600 Supplies 2,500 2. The following alphabetical listing shows the assets, liabilities, and shareholders' equity for Zap Ltd. as of December 31, 2020. Prepare a balance sheet dated December 31, 2020. (10 Marks) Accounts payable $12,200 Inventory $23,500 Accounts receivable 21,000 Note payable 11,000 Cash 21,600 Retained earnings 17,100 Common shares 50,600 Salary payable 2,300 Equipment 24,600 Supplies 2,500

Answer rating: 100% (QA)

Based on the given information we can prepare the bal... View the full answer