On December 31, Rogers Company had the following list of account balances. 0 Accounts Payable Accounts...

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On December 31, Rogers Company had the following list of account balances. 0 Accounts Payable Accounts Receivable Accumulated Depreciation. Buildings Accumulated Depreciation, 0 Buipment DBeginning Retained Earnings Buildings O Capital Stock Cash D Depreciation Expense. Buildings Depreciation Expense, Equipment $ 67400 63900 49300 19300 92400 102000 60300 49600 4500 7100 Dividends Equipment Prepaid Rent Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Supplies Expense $ 24700 66700 19200 6000 10600 9200 76400 17400 2600 Required: Prepare a balance sheet on December 31. Hint: You will need to determine the net book value for equipment and buildings. You will also need to determine ending retained earnings. Current Assets: (Choose one) Total Current Assets Assets Property, Plant, and Equipment: (Choose one) Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: (Choose one) Total Liabilities Stockholders' Equity (Choose one) Total Stockholders' Equity Total Liabilities and Stockholders' Equity Rogers Company Balance Sheet December 31 9 On December 31, Rogers Company had the following list of account balances. 0 Accounts Payable Accounts Receivable Accumulated Depreciation. Buildings Accumulated Depreciation, 0 Buipment DBeginning Retained Earnings Buildings O Capital Stock Cash D Depreciation Expense. Buildings Depreciation Expense, Equipment $ 67400 63900 49300 19300 92400 102000 60300 49600 4500 7100 Dividends Equipment Prepaid Rent Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Supplies Expense $ 24700 66700 19200 6000 10600 9200 76400 17400 2600 Required: Prepare a balance sheet on December 31. Hint: You will need to determine the net book value for equipment and buildings. You will also need to determine ending retained earnings. Current Assets: (Choose one) Total Current Assets Assets Property, Plant, and Equipment: (Choose one) Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: (Choose one) Total Liabilities Stockholders' Equity (Choose one) Total Stockholders' Equity Total Liabilities and Stockholders' Equity Rogers Company Balance Sheet December 31 9

Answer rating: 100% (QA)

The question asks for the preparation of a balance sheet on December 31 using the account balances provided To do so we need to categorize the accounts into assets liabilities and stockholders equity ... View the full answer