Amos Moving Services\' account balances at March 31, 2014, the end of the curren
ID: 2646361 • Letter: A
Question
Amos Moving Services' account balances at March 31, 2014, the end of the current year, are listed below. The Retained Earnings balance was $180,000 at April 1, 2013, the beginning of the current year.
Prepare a balance sheet for the current year ended March 31, 2014.
Amos Moving Services
March 31, 2014
$
Total assets
$
$
$
Total stockholders' equity
Total liabilities and stockholders' equity
$
Accounts Payable $2,000 Miscellaneous Expense $1,030 Accounts Receivable $10,340 Office Expense $1,240 Cash $21,420 Supplies $1,670 Fees Earned $73,450 Wages Expense $23,550 Land $47,000 Dividends $16,570 Building $157,630 Capital Stock $25,000Explanation / Answer
Prepare a balance sheet for the current year ended March 31, 2014. Amos Moving Services Balance Sheet March 31, 2014 Assets Accounts receivable 10,340.00 Cash 21,420.00 Land 47,000.00 Building 157,630.00 Total assets 236,390.00 Liabilities Accounts payable 2,000.00 Stockholders' Equity Capital stock $ 25,000.00 Retained Earnings 209,390.00 Total stockholders' equity Total liabilities and stockholders' equity 236,390.00 Retained Earnings Op Bal 180,000.00 Fees Earned 73,450.00 Miscellaneous exp (1,030.00) Office expense (1,240.00) Wages expense (23,550.00) Supplies (1,670.00) Dividend (16,570.00) Retained Earnings closing Bal 209,390.00
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