From the following information, obtained as of December 31, 20XX, prepare a balance sheet for the
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From the following information, obtained as of December 31, 20XX, prepare a balance sheet for the Adams Corporation in good form.
Accounts Payable
$ 12,000
Land
$ 25,000
Dividends Payable
5,000
Equipment
75,000
Cash
45,000
Accounts Receivable
15,000
Marketable Securities
10,000
Interest Payable
2,000
Investments
40,000
Merchandise
25,000
Bonds Payable
100,000
Supplies
2,000
Common Stock
150,000
Buildings
100,000
Retained Earnings
?
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