Question: Problem 1 - Place the following information into a proper balance sheet. 10 points Use dollar signs and double underlines where needed. $ Cash Accounts


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 Prepaid Insurance Office Equipment Less Accumulated Depreciation Store Equipment Less Accumulated Depreciation Accounts Payable Salaries Payable Customer Refunds Payable Notes Payable (current portion) Notes Payable (final payment due in 2050) Common Stock Retained Earnings 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 Jones Company Balance Sheet For The Year Ended December 31, 20xx Assets Current assets Property, plant, and equipment: Liabilities Current liabilities: Long-term liabilities: Stockholders' Equity
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