Balance Sheet:
The following items are available from the records of Victor Corporation at the end of the current year:
|
Accounts payable
|
$16,900
|
Delivery expense
|
$ 4,600
|
|
Accounts receivable
|
5,700
|
Notes payable
|
50,000
|
|
Buildings
|
35,000
|
Office equipment
|
12,000
|
|
Butter and cheese inventory
|
12,100
|
Retained earnings, end of year
|
26,300
|
|
Capital stock
|
25,000
|
Salary and wage expense
|
8,230
|
|
Cash
|
21,800
|
Sales revenue
|
14,220
|
|
Computerized mixers
|
25,800
|
Tools
|
5,800
|
|
Required
|
|
|
|
Prepare a balance sheet. Hint: Not all of the items listed should appear on a balance sheet. For each non-balance-sheet item, indicate where it should appear.