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Cash Accounts receivable Equipment Accounts payable Conmon stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $11,800 10,880 7,809 6,800 15,909 13,500 5,800 7,800 14,800 36,600 25,680 21,800 13,800 9,800 Required: Prepare a year-end balance sheet for Armani Company Balance Sheet December 31, 2017 Assets Liabilities Cash $ 11,800 Accounts payable $ 15,900 Accounts receivable 10,800 7,800 Total labilities 15,900 Equity stock 13,500 7,800 etained eamings < Pre 9:3 of 4 İİİ Next > rch enovO
36,600 25,600 21,800 13,800 9,889 consult tine salaries expense Rent expense Required: Prepare a year-end balance sheet for Armani Company. Balance Sheet 31, 2017 Assets 11,800 Accounts payable 10,800 7,800 Total liabilities 15,900 Equity ommon stock 13, earnings 7,800 Total equity 21 300 37 200 Total assets 30,400 Total liabilities and equity $ K Preyof4 Next search enovO
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Ans. Armani Company
Balance Sheet as on December 31, 2017
Assets Amt($) Liabilities Amt($)
Cash      11,800 Accounts Payable            15,900
Accounts Receivable      10,800
Supplies         7,800 Total Liabilities            15,900
Equipment         6,800 Equity
Common Stock            13,500
Retained Earning              7,800
Total Equity            21,300
      Total Assets      37,200       Total Assets            37,200
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