Calculate the missing balances of cash and retained earning accounts in the following charts..... Assets Liabilities Cash

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Calculate the missing balances of cash and retained earning accounts in the following charts.....

Assets			Liabilities
Cash	7500		Accounts payable	43000
Accounts receivable	2600		Notes payable	228000
Land	120000		Salaries payable	12500
Building	390000		Taxes payable	38000
Office Equipement	8000
Prepaid insurance	1200		Stockholders equity
Inventory	27000
			Capital stock	200000
			Retained earnings

Assets			Liabilities
Cash			Accounts payable	43000
Accounts receivable	2600		Notes payable	228000
Land	267000		Salaries payable	12500
Building	578000		Taxes payable	38000
Office Equipement	32000
Prepaid insurance	1200		Stockholders equity
Inventory	27000
			Capital stock	100000
			Retained earnings	487000

Related Book For answer-question

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Financial Accounting

Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Posted Date: Feb 18, 2022 05:34 AM

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