Use the information in Problem 1-3B to prepare a year-end balance sheet for Audi Company. Cash.... $2,000

Question:

Use the information in Problem 1-3B to prepare a year-end balance sheet for Audi Company.

Cash.... $2,000 Accounts receivable .. 1,800 Supplies... 1,200 Equipment.. 1,000 Accounts payable... Common stock ..... Retained earnings, Dec. 31, 2017. Retained earnings, Dec. 31, 2018.... 3,700 1,100 800 1,200 Dividends ... 2,600 Consulting revenue 6,600 Rental revenue.. 4,400 Salaries expense. 4,000 Rent expense . 2,400 Selling and administrative expenses. 1,600

Balance Sheet
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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