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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 AssetsCash29480Account receivable95140Total
Assets124620Total Liabilities and stockholder's equityLiabilitiesAccount
payable87100Shareholder's equityCommon stock24120Retained earnings1340037520Total
Liabilities and stockholder's equity124620

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Return to Blackboard Kimmel, Financial Accounting Se Helo I System An.pdf

  • 1. 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 AssetsCash29480Account receivable95140Total Assets124620Total Liabilities and stockholder's equityLiabilitiesAccount payable87100Shareholder's equityCommon stock24120Retained earnings1340037520Total Liabilities and stockholder's equity124620