During Year Chung Corporation earned $ of cash revenue and accrued $ of salaries expense.
Required:
Based on this information alone: Hint: Record the events in accounts under an accounting equation before satisfying the requirements.
Note: Enter any decreases to account balances with a minus sign.a Prepare the December Year balance sheet.
Answer is not complete.
tableCHUNG CORPORATIONBalance SheetAs of December Year AssetsCash$Total assets,,$LiabilitiesSalaries payable,$VTotal liabilities,,$Stockholders EquityRetained earnings,Total stockholders' equity,,Total liabilities and stockholders' equity,,$
