Question

just need help with the balance sheet thanks!

YouTube Maps Clock Forever Connect #Slack hox Box Login Brandfolder a monday Sprc + Ch 10A Homework Question 6 of 6 2.01 View Policies Show Attempt History Current Attempt in Progress The adjusted trial balance of Riverbed Company for the year ended December 31, 2020, is as follows. Credit Debit $6,500 5.000 2.400 6,500 20.500 12.200 35,600 10,600 Cash Accounts Receivable Note Receivable (dure February 20, 2021) Inventory Timberland Land Equipment Patents Accumulated Depletion Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Notes Payable (due January 15, 2021) Accounts Payable Owner's Capital Sales Revenue Interest Revenue Cost of Goods Sold Salaries and Wages Expense Depreciation Expense Amortization Expense Research and Development Expense Bad Debt Expense License Expense Interest Expense Loss on Disposal of Plant Assets Total $3.500 900 9.900 4,100 2.000 66,500 58.500 300 24,700 12,000 3.300 1.200 1.300 800 900 1.800 $145.700 $145,700 (a 1) Your Answer Correct Answer Your answer is correct

Answer 1

Riverbed Company
Balance sheet
For the year ended 31 December 2020
Assets
Current Assets:
Cash	$                6,600
Accounts Receivable	$                5,000
Allowance for doubtful accounts	$                  -900
Note receivable	$                2,400
Inventory	$                6,500
Total Current Assets		$               19,600
Property, plant, and equipment:
Land	$              12,200
Timber land	$              20,500
Patent	$              10,600
Accum Dep Equipment	$               -3,500
Equipment	$              35,600
Accum Dep Equipment	$               -9,900
Total property, plant, and equipment		$               65,500
Total Assets		$               85,100
Liabilities and Stockholders' Equity
Liabilities
Current Liabilities:
Account payable	$                2,000
Note payable	$                4,100
Total Current Liabilities		$                 6,100
Total Liabilities		$                 6,100
Stockholders' Equity
Common Stock	$              66,500
Retained Earnings	$              12,500
Total Stockholders' Equity		$               79,000
Total Liabilities & Stockholders' Equity		$               85,100
Notes:
Retained Earnings
Amount directly taken from income statement