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Business, 25.06.2019 09:40 BaileyElizabethRay

Problem 123 given the following account information for leong corporation. equipment 59,740 interest expense 2,360 interest payable 560 retained earnings ? dividends 60,380 land 136,500 accounts receivable 103,410 bonds payable 78,970 notes payable (due in 6 months) 28,150 common stock 71,000 accumulated depreciation - equipment. 10,390 prepaid advertising 4,820 service revenue 344,470 buildings 79,310 supplies 1,710 income taxes payable 2,950 utilities expense 1,360 advertising expense 1,670 salaries and wages expense 50,690 salaries and wages payable 850 accumulated depr. - building. 15,960 cash 43,600 depreciation expense 7,750 prepare a balance sheet in report form for the company as of december 31, 2017. all accounts have normal balances. (list assets in order of liquidity. list property, plant and equipment in order of land, buildings and equipment.)

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