Listed below in random order are the items to be included in the balance sheet of Deep River -Lodge at December 31, 2011: Equipment. Land. Accounts Payable..... Accounts Receivable Salaries Payable.. Interest Payable..... $ 9,000 140,000 27,400 3,300 13,200 4,000 Buildings. Capital Stock.. Cash Furnishings. Notes Payable. Retained Earnings $430,000 ? 9,100 22,600 217,000 202,400 Instructions a. Prepare a balance sheet at December 31, 2011. Include a proper heading and organize your balance sheet similar to the illustrations shown in Chapter 2. (After "Buildings," you may list the remaining assets in any order.) You will need to compute the amount to be shown for Capital Stock.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Listed below in random order are the items to be included in the balance sheet of Deep River
Lodge at December 31, 2011:
Equipment.
Land.
Accounts Payable.....
Accounts Receivable
Salaries Payable..
Interest Payable.....
$ 9,000
140,000
27,400
3,300
13,200
4,000
Buildings.
Capital Stock..
Cash.
Furnishings.
Notes Payable.
Retained Earnings
$430,000
?
9,100
22,600
217,000
202,400
Instructions
a. Prepare a balance sheet at December 31, 2011. Include a proper heading and organize your
balance sheet similar to the illustrations shown in Chapter 2. (After "Buildings," you may
list the remaining assets in any order.) You will need to compute the amount to be shown for
Capital Stock.
Transcribed Image Text:Listed below in random order are the items to be included in the balance sheet of Deep River Lodge at December 31, 2011: Equipment. Land. Accounts Payable..... Accounts Receivable Salaries Payable.. Interest Payable..... $ 9,000 140,000 27,400 3,300 13,200 4,000 Buildings. Capital Stock.. Cash. Furnishings. Notes Payable. Retained Earnings $430,000 ? 9,100 22,600 217,000 202,400 Instructions a. Prepare a balance sheet at December 31, 2011. Include a proper heading and organize your balance sheet similar to the illustrations shown in Chapter 2. (After "Buildings," you may list the remaining assets in any order.) You will need to compute the amount to be shown for Capital Stock.
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