The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $9,500; accounts receivable, $14,500; inventory, $25,000; equipment, $190,000; accumulated depreciation, $58,000; accounts payable, $83,000; salaries payable, $21,000; retained earnings, $18,000; and common stock, $59,000. Prepare a 12/31/2021 balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Current assets Cash Accounts receivable Inventory Equipment Total current assets BOWLER CORPORATION Balance Sheet At December 31, 2021 Assets Liabilities and Shareholders' Equity $ $ 9,500 14,500 25,000 190,000 239,000 239,000

The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $9,500; accounts receivable, $14,500; inventory, $25,000; equipment, $190,000; accumulated depreciation, $58,000; accounts payable, $83,000; salaries payable, $21,000; retained earnings, $18,000; and common stock, $59,000. Prepare a 12/31/2021 balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Current assets Cash Accounts receivable Inventory Equipment Total current assets BOWLER CORPORATION Balance Sheet At December 31, 2021 Assets Liabilities and Shareholders' Equity $ $ 9,500 14,500 25,000 190,000 239,000 239,000

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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