The following information is available for Randall Inc. Accounts receivable............................................. $ 2,400 Cash..................................................... $ 6,250 Accounts payable................................................
Question:
The following information is available for Randall Inc.
Accounts receivable............................................. $ 2,400
Cash..................................................... $ 6,250
Accounts payable................................................ 3,700
Supplies............................................................... 3,760
Interest payable................................................. 580
Unearned service revenue................................ 850
Salaries and wages expense............................ 4,500
Service revenue................................................. 40,920
Notes payable................................................... 31,500
Salaries and wages payable.............................. 745
Common stock................................................... 50,700
Depreciation expense....................................... 670
Inventory............................................................ 2,840
Equipment (net)................................................ 108,200
Instructions
Using the information above, prepare a balance sheet as of December 31, 2022.
Step by Step Answer: