Question

Question 7 View Policies Show Attempt History Current Attempt in Progress – Your answer is partially correct. The following information is available for Carla Vista Co. Accounts receivable $2,300 Cash Accounts payable 4.400 Supplies Interest payable 520 Unearned service revenue Salaries and wages expense 5.100 Service revenue Notes payable 32.500 Salaries and wages payable Common stock 55,700 Depreciation expense Inventory 2.880 Equipment (net) $6,230 3,770 900 42,700 890 780 108,500 Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.) Carla Vista Co. Balance Sheet .I-II I AA AAAA Y Assets .. Accounts receivable cash Supplies Equipment inventory 2.300 6,230 3.770 108.500 2.880 123.680 Liabilities and Stockholders' Equity Accounts payable Interest payable Salaries and wages expe Notes payable Unearned service reven 4.400 520 5100 32.500 900 43.420 Common stock Service Revenue 55.700 42.700 98.400 eTextbook and Media

Answer 1

Assets
Cash		6230
Account receivable		2300
Supplies		3770
Inventory		2880
Equipment		108500
Total Assets		123680
Liabilities and stockholder's equity
Current liabilities
Account payable	4400
Interest payable	520
Salaries and wages payable	890
Unearned service revenue	900
Notes payable	32500
Total liabilities		39210
Stockholder's equity
Common Stock	55700
Retained earnings	36820