Return to Blackboard Kimmel Financial Accounting Se Helo I S

Return to Blackboard Kimmel, Financial Accounting Se Helo I System Announcements Brief Exercise 1-5 In alphabetical order below are balance sheet items for Waterway Industries at December 31, 2017 Accounts peyable Accounts recelvable 87,100 95,140 Common stock Retained earnings 24,120 13,400 Prepare a balance sheet. (List assets in order of iquidity.) ercise 1-9 Liabilities and Stockholders Equity esuits by Study LIST OF ACEOUNTS Q Search or enter website name 7 6

Solution

Prepare Balance sheet :

Total Assets
Cash	29480
Account receivable	95140
Total Assets		124620
Total Liabilities and stockholder\'s equity
Liabilities
Account payable		87100
Shareholder\'s equity
Common stock	24120
Retained earnings	13400
		37520
Total Liabilities and stockholder\'s equity		124620