Question

The following list of accounts was provided by Churyk Transportation Corporation, which has an April 30 fiscal year- end. Using these accounts, prepare a balance sheet for Churyk Transportation Corporation for fiscal 2010.
Accounts Payable ........... $ 15,600
Accounts Receivable ........... 25,650
Accumulated Depreciation, Equipment .... 57,450
Accumulated Depreciation, Buildings .... 66,800
Accumulated Depreciation, Trucks ..... 780,050
Allowance for Uncollectible Accounts .... 4,700
Equipment .............. 140,500
Buildings ................ 137,500
Cash ................... 39,650
Common Stock .............. 250,000
Installment Note Payable, Long- Term ... 342,700
Interest Payable .............. 17,150
Investment in BR, Inc., Common Stock .... 17,500
Land .................. 57,850
Mortgage Payable ............ 44,150
Trade Notes Payable ........... 58,500
Payroll Taxes Payable .......... 7,450
Prepaid Insurance ........... 18,250
Retained Earnings .............. ?
Salaries and Wages Payable ....... 13,400
Supplies ................. 8,900
Temporary Investments (trading securities) . 60,750
Trucks ................ 1,392,700


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  • CreatedMarch 25, 2015
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