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Financial information related to Montana Interiors for October and November 20Y8 are as follows:
Line Item Description | October 31, 20Y8 | November 30, 20Y8 |
Accounts payable | $43,100 | $46,500 |
Accounts receivable | 95,300 | 109,500 |
Capital stock | ? | ? |
Retained earnings | 130,000 | 170,000 |
Cash | 168,100 | 285,300 |
Supplies | 8,400 | 7,000 |
Question Content Area
a. Prepare a balance sheet for Montana Interiors as of October 31, 20Y8.
Line Item Description | Amount | Amount |
Assets | | |
Accounts payableCapital stockCashRetained earningsCash | | $Cash |
Accounts payableAccounts receivableCapital stockRetained earningsAccounts receivable | | Accounts receivable |
Accounts payableCapital stockRetained earningsSuppliesSupplies | | Supplies |
Total assets | | $Total assets |
Liabilities | | |
Accounts payableAccounts receivableCapital stockRetained earningsAccounts payable | | $Accounts payable |
Stockholders Equity | | |
Accounts payableAccounts receivableCapital stockCashCapital stock | $Capital stock | |
Accounts payableAccounts receivableCashRetained earningsRetained earnings | Retained earnings | |
Total stockholders' equity | | Total stockholders' equity |
Total liabilities and stockholders' equity | | $Total liabilities and stockholders' equity |
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