Problem 1 - Place the following information into a proper balance sheet. 10 points Use dollar signs and double underlines where needed. $ Cash Accounts Receivable Inventory - Estimated Returns Inventory Office Supplies 3 Prepaid Insurance 4 Office Equipment 5 Less Accumulated Depreciation 16 Store Equipment Less Accumulated Depreciation 18 Accounts Payable 19 Salaries Payable 20 Customer Refunds Payable 21 Notes Payable (current portion) 22 Notes Payable (final payment due in 2050) 23 Common Stock 24 Retained Earnings 25 26 27 28 20,500 5,000 2,000 100 500 400 12,000 3,000 15,000 4,000 15,000 1,000 500 5,000 15,000 9,000 3,000 29 Jones Company Balance Sheet For The Year Ended December 31, 20xx Assets 32 33 34 Current assets: 35 36 38 39 40 41 42 43 Property, plant, and equipment: 44 45 46 47 48 49 50 51 52 Current iabilities: 53 Liabilities 55 56 57 58 Long-term liabilities: 59 60 Stockholders' Equity 62 63 64 65 66 67 68 69