Lems Question 6 The Account Balances Below Existed For Abc Co As Of December 31 20x1 150 000 Accounts Receivable 5 1 (53.98 KiB) Viewed 7 times
Lems Question 6 The Account Balances Below Existed For Abc Co As Of December 31 20x1 150 000 Accounts Receivable 5 2 (40.35 KiB) Viewed 7 times
lems. Question 6 The account balances below existed for ABC Co. as of December 31, 20x1. $150,000 Accounts Receivable $50,000 $100,000 Revenues $450,000 $50,000 Unearned Revenue $25,000 $130,000 Common Stock $75,000 $5,000 Depreciation Expense $90,000 $20,000 Rent Expense $150,000 $50,000 Prepaid Rent $25,000 Cash Notes Payable Equipment Wages Expense Dividends Supplies Expense Supplies The balance of Retained Earnings was $70,000 on January 1, 20x1. Use this information to fill out the following Balance Sheet on December 31, 20x1. Assets: ABC Co. Balance Sheet 12-31-x1 K 6 pts
The balance of Retained Earnings was $70,000 on January 1, 20x1. Use this information to fill out the following Balance Sheet on December 31, 20x1. ABC Co. Balance Sheet Assets: Total Assets: Liabilities: Total Liabilities Owners' Equity: Common Stock Retained Earnings 12-31-x1 Total Equity Total Liab & Stockholders Equity *Note: Do NOT the "$" in your answer. Also, if your answer is negative, do NOT put the "-" symbol.
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