Question

ES CALCULATOR Brief Exercise 1-5 In alphabetical order below are balance sheet items for Marigold Corp. at December 31, 2017 Accounts payable $67,600 Accounts receivable 73,840 Cash 22,880 Common stock 18,720 Retained earnings 10,400 Prepare a balance sheet for Marigold Corp. as of December 31, 2017. (List assets in order of liquidity.) Marigold Corp. Balance Sheet Assets ady Liabilities and Stockholders' Equity $ . Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS

Answer 1

Solution:

Marigold Corp.
Balance sheet
For the Period Ended December 31, 2017
Assets
Cash		$            22,880
Accounts Recivable		$            73,840
Total Assets		$            96,720
Liabilities and stockholder's Equity
Current liabilities:
Accounts Payable		$            67,600
Stockholders` Equity
Common Stock	$               18,720
Retained Earnings	$               10,400
		$            29,120
Total liabilities and stockholder's equity		$            96,720