Given the following account information for Leong Corporation, prepare a balance sheet in report form...
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Accounting
Given the following account information for Leong Corporation, prepare a balance sheet in report form for the company as of December 31, 2014. All accounts have normal balances.
Equipment 60,000
Interest Payable 600
Retained Earnings 224,680
Land 137,320
Accounts Receivable 102,000
Bonds Payable 78,000
Notes Payable (due in 6 months) 29,400
Common Stock 70,000
Accumulated Depreciation - Equip. 10,000
Prepaid Advertising 5,000
Buildings 80,400
Supplies 1,860
Income Taxes Payable 3,000
Salaries and Wages Payable 900
Accumulated Depr. - Bld. 15,000
Cash 45,000
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