At the end of the first year of operations (December 31, 2021), the following financial data...

 

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At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation are available: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $ 33,630 10,000 14,400 10,500 1,600 3. Prepare a balance sheet at December 31. APEC AEROSPACE CORPORATION Balance Sheet 84,000 51,970 65,000 9,100 97,500 9,500 $ $ 0 0 0 At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation are available: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $ 33,630 10,000 14,400 10,500 1,600 3. Prepare a balance sheet at December 31. APEC AEROSPACE CORPORATION Balance Sheet 84,000 51,970 65,000 9,100 97,500 9,500 $ $ 0 0 0

Answer rating: 100% (QA)

CALCULATIONS Assets Cash 14400 Accounts Receivable 10000 Equipment 84000 Supplies 9500 Total Assets ... View the full answer