Question: Required: Prepare a correct balance sheet with appropriate captions and sub caption. Use preferred terminology. Show computation of the ending balance in the retained earning!

Required: Prepare a correct balance sheet with appropriate captions and sub

Required: Prepare a correct balance sheet with appropriate captions and sub caption. Use preferred terminology. Show computation of the ending balance in the retained earning!

Cash Account Receivable Inventories Equipment Land Building Deferred charges Accounts Payable Note Payable Capital stock (par $10) Earned surplus 15,000 15,000 17.000 22,400 6,400 7.600 1.100 5,500 8,000 38,500 32.500 84,500 84,500

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