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On December 31, Patterson Company had the following list of account balances.
Accounts Payable $42,300
Dividends $17,300
Accounts Receivable 44,000
Equipment 50,800
Accumulated Depreciation, Buildings 63,900
Prepaid Rent 14,700
Accumulated Depreciation, Equipment 10,700
Rent Expense 11,000
Beginning Retained Earnings 31,100
Salaries Expense 6,100
Buildings 119,000
Salaries Payable 8,900
Capital Stock 57,000
Service Revenue 121,600
Cash 39,900
Supplies 10,800
Depreciation Expense, Buildings 8,300
Supplies Expense 9,000
Depreciation Expense, Equipment 4,600
Required:
Prepare a balance sheet on December 31.
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Answers: 2
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On December 31, Patterson Company had the following list of account balances.
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