Question: A. Preparing a Balance Sheet 1. Below is a scrambled list of accounts of this, Inc., an energy company in $ millions). Using the empty
A. Preparing a Balance Sheet 1. Below is a scrambled list of accounts of this, Inc., an energy company in $ millions). Using the empty table, build the company's balance sheet with the information below. Be sure to label the different categories on the balance sheet. Cash Accounts Payable Accounts Receivable Short-Term Notes Payable Accumulated Depreciation Gross Fixed assets Other current assets Long-term debt Common stock Inventories Retained earnings $50,000 42,700 23,000 10,500 312,000 1,280,000 5,000 200,000 490,000 40,000
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