The following information is available for Randall Inc. Accounts receivable............................................. $ 2,400 Cash..................................................... $ 6,250 Accounts payable................................................

Question:

The following information is available for Randall Inc.

Accounts receivable.............................................    $ 2,400

Cash.....................................................                       $ 6,250

Accounts payable................................................        3,700

Supplies...............................................................         3,760

Interest payable.................................................            580

Unearned service revenue................................           850

Salaries and wages expense............................          4,500

Service revenue.................................................        40,920

Notes payable...................................................         31,500

Salaries and wages payable..............................           745

Common stock...................................................        50,700

Depreciation expense.......................................             670

Inventory............................................................           2,840

Equipment (net)................................................       108,200


Instructions

Using the information above, prepare a balance sheet as of December 31, 2022.

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Related Book For  book-img-for-question

Survey Of Accounting

ISBN: 9781119594536

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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