Problem : please write a balance sheet after one year's operation and explain the balance sheet.

Assume Initial Ledgar Account CASH Account payable 3,000 Wages payable 10,000 49,350 Account receivable Prepaid insurance 5,000 Accumulated depreciation 105,000 11,000 Mfg. supplies inventory Office supplies inventory Prepaid rent 5,000 750 900 Finished goods inventory Raw material inventory 30,000 WIP inventory 4,000 12,000 Ledgar Account summary for one year Sales revenue Sales revenue Selling & administrative expense 14,800 54,000 36,000 Account payable 17,000 Wages payable 47,000 Manufacturing overhead 250 Account receivable Prepaid insurance Accumulated depreciation 5,000 54,000 1,000 Mfg. supplies inventory Office supplies inventory 300 Prepaid rent 4,500 50 Raw material inventory 24,000 WIP inventory 35,800 Finished goods inventory 12,000