Fall 2018: Financial Accounting Saray Zarate &1 9/18/18 359 PM Homework: Chapter

Question

Fall 2018: Financial Accounting Saray Zarate &1 9/18/18 359 PM Homework: Chapter 1 Score: 0 of 1 pt P1-44A (similar to) The bookkeeper of Sunfower Landscaping prepared the company's balance sheet while the Save 21 of 21 (20 complete) Hw Score: 77.37%, 16.25 of 21 p Question Help should balance, so he plugged in the retained earnings amount needed to achieve this balance. The retained eamings is this statement Prepare a corrected balance sheet. (If a box is sheet contains numerous errors. In particular, the bockkeeper knew that the balance sheet incorrect. All other amounts are correct, but some are out of place or should not be included in ( Click the icon to view the incorrect balance sheet.) Liabilities Choose from ary list or enter any number in the input fields and then click Check Answer Check Answer Clear Al 20 888

Explanation / Answer

Sunflower Landscaping Balance sheet For the month ended march 31,2018 Assets Liabilities Cash 5500 Account payable 3300 Account receivable 1800 Notes payable 24500 Office supplies 200 Total liabilities 27800 Land 33700 Stockholder's equity Office furniture 6100 Common Stock 7000 Retained earnings 12500 Total Stockholder's equity 19500 Total Assets 47300 Total liabilities and stockholder's equity 47300

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