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Nolan Company: Prepare a Balance sheet in proper form

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Balance sheet items of Nolan Company at December 31, 2010. Prepare a balance sheet and include a complete heading.

Accounts payable $ 6,000
Accounts receivable 15,000
Building 65,000
Cash 11,000
Common stock 80,000
Land 31,000
Office equipment 5,000
Retained earnings 41,000

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Solution Summary

The solution prepares a balance sheet in proper forms for Nolan Company.

Solution provided by:
Manal Elkhoshkhany, MBA
Education
  • BA, Ain Shams University, Cairo Egypt
  • MBA, California State University, Sacramento
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