Robyn Howser is the bookkeeper for Madison Company Robyn has been trying to get the balance sheet of Madison Company to balance Madisons balance sheet is shown below Instructions Prepare a correct balancesheet MADISON COMPANY Balance Sheet December 31, 2015 Assets Liabilities Cash Supplies Equipmen...

MADISON COMPANY Balance Sheet December 31 2015 Assets Cash 14000 Accoun ...

Robyn Howser is the bookkeeper for Madison Company. Robyn has been trying to get the balance sheet

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Robyn Howser is the bookkeeper for Madison Company. Robyn has been trying to get the balance sheet of Madison Company to balance. Madisonâ€™s balance sheet is shown below.

Instructions
Prepare a correct balancesheet.

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Financial Accounting

ISBN: 9781118334324

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Feb 17, 2014 10:49 AM

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Robyn Howser is the bookkeeper for Madison Company. Robyn has been trying to get the balance sheet

Question:

MADISON COMPANY Balance Sheet December 31, 2015 Assets Liabilities Cash Supplies Equipment Dividends $14,000 3,000 48,000 9,000 Total assets $74,000 Accounts payable Accounts receivable Common stock Retained earnings $15,000 (8,500) 50,000 17,500 Total liabilities and stockholders' equity $74,000

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