The balance sheet items of the Prosser Company as of December 31, 2002, follows in random order. You are to prepare a balance sheet for the company...
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Preparing a Balance Sheet
The balance sheet items of the Prosser Company as of December 31, 2002, follow in random order. You are to prepare a balance sheet for the company, using a similar sequence for assets as illustrated in Exhibit 2-9. You must compute the amount for Retained Earnings.
LAND----90,000
ACCOUNTS PAYABLE---43,800
ACCOUNTS RECEIVABLE----56,700
CASH ---36,300
OFFICE EQUIP----12,400
BUILDING----210,000
CAPITAL STOCK ----75,000
NOTES PAYABLE----207,000
RETAINED EARNINGS-----?
PLEASE HELP ME. I DONT KNOW HOW TO DO THIS. PLEASE PUT IT IN EXCEL
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Solution Summary
The expert examines balance sheet items of the Prosser Company as of December.
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