Question: Exercise 1 - 10 ( Part Level Submission ) Stay Lakes Park is a private camping ground near the Mount Miguel Recreation Area . It






Exercise 1 - 10 ( Part Level Submission ) Stay Lakes Park is a private camping ground near the Mount Miguel Recreation Area . It has compiled the following financial information as of December 31 , 2017 . Service revenue ( from camping Fees ) $132, 000 Dividends $ 5,000 Sales revenue ( from general store* 25, 000 ` Notes payable* 50, 000 Accounts payable* 1 1 , 000 Expenses during 2017 126, 000 Cash $1, 500 Supplies 5, 500 Equipment 1 14, 000 Common Stock 40, 000 Retained earnings ( 1 /' 1/ 2017 ) 5, 000(b2) Prepare a balance sheet for Otay Lakes Park as of December 31, 2017. (List assets in order of liquidity.) Otay Lakes Park Balance Sheet For the Month Ended December 31, 2017 + Assets $ Liabilities and Stockholders' Equity $Liabilities and Stockholders' Equity $ $ $ Click if you would like to Show Work for this question: Open Show Work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
