The following information is available for Randall Inc. 

Instructions 

Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount.)

Transcribed Image Text:

Accounts receivable Accounts payable Interest payable Salaries and wages expense Notes payable Common stock $ 2,400 3,700 $ 6,250 3,760 Cash Supplies Unearned service revenue Service revenue Salaries and wages payable Depreciation expense Equipment (net) 580 4,500 31,500 850 40,920 745 50,700 2,840 670 Inventory 108,200