Use the following accounts and balances to prepare a balance sheet for Paulding Company at December 31,2013.
$\begin{array}{|l|r|}
\hline \text { Accounts Payable } & \$ 20,000 \
\hline \text { Common Stock } & 24,000 \
\hline \text { Cash } & 9,600 \
\hline \text { Retained Earnings, Dec. 31, 2013 } & 4,800 \
\hline \text { Equipment } & 26,400 \
\hline \text { Accounts Receivable } & 12,800 \
\hline
\end{array}$

Question

Use the following accounts and balances to prepare a balance sheet for Paulding Company at December 31,2013.
 $\begin{array}{|l|r|}
\hline \text { Accounts Payable } & \$ 20,000 \
\hline \text { Common Stock } & 24,000 \
\hline \text { Cash } & 9,600 \
\hline \text { Retained Earnings, Dec. 31, 2013 } & 4,800 \
\hline \text { Equipment } & 26,400 \
\hline \text { Accounts Receivable } & 12,800 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Use the following accounts and balances to prepare a balance sheet for Paulding Company at December 31,2013.
 $\begin{array}{|l|r|}
\hline \text { Accounts Payable } & \$ 20,000 \
\hline \text { Common Stock } & 24,000 \
\hline \text { Cash } & 9,600 \
\hline \text { Retained Earnings, Dec. 31, 2013 } & 4,800 \
\hline \text { Equipment } & 26,400 \
\hline \text { Accounts Receivable } & 12,800 \
\hline
\end{array}$

Use the Following Accounts and Balances to Prepare a Balance