An analysis of the transactions of Cavernous Homes, Inc., yields the following totals at December 31, 2009:
Question:
An analysis of the transactions of Cavernous Homes, Inc., yields the following totals at December 31, 2009: cash, $2,200; accounts receivable, $5,100; notes payable, $4,000; supplies, $8,500; common stock, $10,000; and retained earnings, $1,800.
Required:
Prepare a balance sheet for Cavernous Homes, Inc., at December 31, 2009.
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Cavernous Homes Inc Balance Sheet December 31 2009 Assets Cash 2200 Accounts receivable 5100 Sup...View the full answer
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Related Book For 
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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