Note: the assets, liabilities...etc can be changed For example The following inf

Question

Note: the assets, liabilities...etc can be changed For example
The following information applies to the questions displayed below) you are the president of Nuclear Company At the end of the first year of operations (December 30), the followin financial data for the company are available: Accounts Payable Accounts Receivable Cash Common Stock Dividends. Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $46,000 61,900 20,000 60,530 360 31,000 1,630 74,500 9,650 97,700 8,450 Prepare a balance sheet at December 31

Explanation / Answer

Nuclear family

Balance sheet

At December 31

Assets Current assets Cash 20000 Account receivable 61900 Supplies 8450 Total current assets 90350 Non current assets Equipment 31000 Total non current assets 31000 Total Assets 121350 Liabilities and stockholder's equity Current liabilities Account payable 46000 Long term liabilities Notes payable 1630 Total liabilities 47630 Stockholder's equity Common Stock 60530 Retained earnings 13190 Total Stockholder's equity 73720 Total liabilities and stockholder's equity 121350

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