Question: Current Attempt in Progress Given the following account information for Carla Vista Corporation. Equipment 60,000 Interest Expense 2,500 Interest Payable 650 Retained Earnings ? Dividends

Current Attempt in Progress

Given the following account information for Carla Vista Corporation.

Equipment 60,000
Interest Expense 2,500
Interest Payable 650
Retained Earnings ?
Dividends 64,230
Land 136,000
Accounts Receivable 102,000
Bonds Payable 78,000
Notes Payable (due in 6 months) 28,000
Common Stock 75,000
Accumulated Depreciation - Equipment 10,000
Prepaid Advertising 5,200
Service Revenue 350,000
Buildings 83,000
Supplies 1,700
Income Taxes Payable 3,000
Utilities Expense 1,200
Advertising Expense 1,700
Salaries and Wages Expense 51,000
Salaries and Wages Payable 880
Accumulated Depr. - Building 15,500
Cash 45,000
Depreciation Expense 7,500

1) Prepare a balance sheet in report form for the company as of December 31, 2020. All accounts have normal balances. (List Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

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