3 years ago

Listed below in alphabetical order are the balance sheet items of Nolan Company at December 31, 2022

Business

1 answer:

Alex Ar [27]3 years ago

5 0

Answer and Explanation:

The preparation of the balance sheet is presented below:

Assets

cash $11,000

account receivable $15,000

equipment $10,000

buidlings $65,000

land $31,000

Total assets $132,000

Liabilities and stockholder equity

Account payable $11000

common stock $80,000

retained earnings $41,000

Total Liabilities and stockholder equity $132,000

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