In: Accounting
In alphabetical order below are balance sheet items for Tamarisk, Inc. at December 31, 2017. Accounts payable $83,200 Accounts receivable 90,880 Cash 28,160 Common stock 23,040 Retained earnings 12,800 Prepare a balance sheet. (List assets in order of liquidity.)
--Requirment asked
Balance Sheet | |
at 31 Dec 2017 | |
ASSETS | |
Cash | $28,160 |
Accounts receivables | $90,880 |
Total Assets | $119,040 |
LIABILITIES | |
Accounts Payable | $83,200 |
STOCKHOLDER's EQUITY | |
Common Stock | $23,040 |
Retained earnings | $12,800 |
Total Stockholder's equity | $35,840 |
Total Liabilities & Stockholder's equity | $119,040 |