ChOtal journal pst the transactions pepa transactions to T-accounts form. income
ID: 2555694 • Letter: C
Question
ChOtal journal pst the transactions pepa transactions to T-accounts form. income statement, statement of changes in il statement of cash flows for 2016, ercise 9-14A ethefol stockholders' equity, balance shee Preparing a classified balance sheet apuired lowing information to prepare a classified balance shee for Alpha Co.at the end of 20 Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $26,500 12,200 20,500 30,000 10,000 17,500 26,300 23,600 ratio to make comparisons tho Cedar and MExplanation / Answer
Alpha Company
BALANCE SHEET
December 31, 20__
Assets Liabilities and Stockholder's Equity Current assets : Current liabilities : Cash 20,500 Accounts payable 12,200 Accounts receivable 26,500 Total current liabilities 12,200 Merchandise inventory 26,300 Non current liabilities : Total current assets 73,300 Long term notes payable 17,500 Property, Plant and Equipment : Total non current liabilities 17,500 Land 10,000 Total liabilities 29,700 Total Property, Plant and Equipment 10,000 Capital stock : Common stock 30,000 Retained earnings 23,600 Total stockholder's equity 53,600 Total assets 83,300 Total liabilities and stockholder's equity 83,300