Mike Paul is the bookkeeper for Benelli Company. Mike has been trying to get the balance sheet
Question:
Instructions
Prepare a correct balancesheet.
Transcribed Image Text:
BENELLI COMPANY Balance Sheet December 31, 2010 Liabilities and Stockholders' Equit Accounts payable Accounts receivable Common stock Retained earnings Total liabilities and Assets Cash Supplies Equipment Dividends Total assets $20,500 9,500 40,000 8,000 $78,000 16,000 (12,000) 40,000 34,000 stockholders' equity 78,000
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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