Question: (New Problem - not a continuation of the prior problem Balance Sheet-three (3) questions Instructions: Please prepare a Balance Sheet on your scratch paper based
(New Problem - not a continuation of the prior problem Balance Sheet-three (3) questions Instructions: Please prepare a Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance Use this Balance Sheet to answer this question and the next two questions You will need to know the amounts for total assets, total current assets, and total stockholders' equity. Adjusted Trial Balance As of 12/31/20 Accounts Account Balances $20.868 Cash Wccounts Receivable 30.000 Allowance for Uncollectible 14.000 Accounts Inventory 35.000 Building 40,148 Accumulated Depreciation 10.000 Accounts Payable 12.868 Deferred Revenue 10,000 Common Stock 20.000 Retained Earnings 20.000 Dividends 3.000 Reverse Sales 5,148 Sales Allowances 1.000 Rent Expense 4000 Interest Expense 14.000 Income Tax Expense 1.000 QuestionBased on the Partial Trial Balance and Additional Info shown below. what is the amount of the Total Assets shown on the balance sheet you prepared on your scratch paper Additional information Net Income After the for the Accounting Period usled $52.148 Benin Balance of Common Stock on 1/1/20 $20.000 Beginning Balance of Retained Earnings on 1/1/20 520.000 Non stock was issued during the accounting period Hint: Please remember the formula for retained earnings when preparing this statement Fil in the blink with your calculated number. DO NOT include commas. Sans, period. decimal points et enter the raw number Webcourses wit add commit to your wer automatically. For mot you calculated the wrote $26123. you would only input: 24123
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