The following lists of accounts was provided by Churyk Transportation, which has an April 30 fiscal year–end. Using these accounts, prepare a balance sheet for Churyk Transportation Corporation for fiscal 2010.
Accounts Payable $15,600
Accounts Receivable $25,650
Accumulated Depreciation, Equipment $57,450
Accumulated Depreciation, Buildings $66,800 Accumulated Depreciation, Trucks $780,050
Allowance for Uncollectible Accounts $4,700
Equipment $140,500
Buildings $137,500
Cash $39,650
Common Stock $250,000
Installment Note Payable, Long-Term $342,700
Interest Payable $17,150
Investment in BR, Inc., Common Stock $17,500
Land $57,850
Mortgage Payable $44,150
Trade Notes Payable $58,500
Payroll Taxes Payable $7,450
Prepaid Insurance $18,250
Retained Earnings $241,300
Salaries and Wages Payable $13,400
Supplies $8,900
Temporary Investments (trading securities) $60,750
Trucks $1,392,700