2. Given the following account information for Equity Corporation, prepare a balance sheet in report...
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Accounting
2. Given the following account information for Equity Corporation, prepare a balance sheet in report (good) form for the company as of December 31, 2017. All accounts have normal balances: Equipment Interest Payable Retained Earnings, 12/31/2017 Land Accounts Receivable Bonds Payable Notes Payable (due in 2 years) 30,000 Common Stock Preferred Stock Accumulated Depreciation - Equip. 17,000 Prepaid Advertising Buildings Supplies Income Taxes Payable Salaries and Wages Payable Accumulated Depr. Building 20,000 Cash 85,000 3,000 370,130 35,460 58,000 80,000 290,600 26,500 100,000 7,540 8,850 10,000 47,600
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