Given the following account information for Leong Corporation, prepare a statement of financial position in...
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Accounting
Given the following account information for Leong Corporation, prepare a statement of financial position in report form for the company as of December 31, 2015. All accounts have normal balances. Equipment Interest Expense Interest Payable Retained Earnings Dividends Land Inventory Bonds Payable Notes Payable (due in 6 months) Share Capital-Ordinary Accumulated Depreciation - Equip. Prepaid Advertising Revenue Buildings Supplies Taxes Payable Utilities Expense Advertising Expense Salaries and Wages Expense Salaries and Wages Payable Accumulated Depr. - Buildings Cash Depreciation Expense 40,000 2,400 600 ? 50,400 157,320 102,000 78,000 24,400 60,000 10,000 5,000 351,400 80,400 1,860 3,000 1,320 1,560 53,040 900 15,000 40,000 8,000
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