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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