Wayne holtz is the bookkeeper for sheridan company. wayne has been trying to get the balance sheet of sheridan company to balance. it finally balanced, but now he’s not sure it is correct.
sheridan company
balance sheet
december 31, 2017
assets liabilities and stockholders’ equity
cash
$11,300
accounts payable
$9,300
supplies
16,200
accounts receivable
(18,700
)
equipment
33,300
common stock
46,700
dividends
14,700
retained earnings
38,200
total assets
$75,500
total liabilities and stockholders’ equity
$75,500
prepare a correct balance sheet. (list assets in order of liquidity.)
sheridan company
balance sheet
exercise 1-14 wayne holtz is the bookkeeper for sh for the month ended december 31, 2017december 31, 2017for the year ended december 31, 2017
assets
exercise 1-14 wayne holtz is the bookkeeper for sh
$
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh current assetslong-term investmentslong-term liabilitiesproperty, plant and equipmentstockholders' equitytotal assetstotal current assetstotal intangible assetstotal liabilitiestotal liabilities and stockholders' equitytotal long-term investmentstotal long-term liabilitiestotal property, plant and equipmenttotal stockholders' equity
$
exercise 1-14 wayne holtz is the bookkeeper for sh
liabilities and stockholders' equity
exercise 1-14 wayne holtz is the bookkeeper for sh current assetslong-term investmentslong-term liabilitiesproperty, plant and equipmentstockholders' equitytotal assetstotal current assetstotal intangible assetstotal liabilitiestotal liabilities and stockholders' equitytotal long-term investmentstotal long-term liabilitiestotal property, plant and equipmenttotal stockholders' equity
exercise 1-14 wayne holtz is the bookkeeper for sh
$
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh current assetslong-term investmentslong-term liabilitiesproperty, plant and equipmentstockholders' equitytotal assetstotal current assetstotal intangible assetstotal liabilitiestotal liabilities and stockholders' equitytotal long-term investmentstotal long-term liabilitiestotal property, plant and equipmenttotal stockholders' equity
exercise 1-14 wayne holtz is the bookkeeper for sh
$
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh current assetslong-term investmentslong-term liabilitiesproperty, plant and equipmentstockholders' equitytotal assetstotal current assetstotal intangible assetstotal liabilitiestotal liabilities and stockholders' equitytotal long-term investmentstotal long-term liabilitiestotal property, plant and equipmenttotal stockholders' equity
exercise 1-14 wayne holtz is the bookkeeper for sh
exercise 1-14 wayne holtz is the bookkeeper for sh current assetslong-term investmentslong-term liabilitiesproperty, plant and equipmentstockholders' equitytotal assetstotal current assetstotal intangible assetstotal liabilitiestotal liabilities and stockholders' equitytotal long-term investmentstotal long-term liabilitiestotal property, plant and equipmenttotal stockholders' equity
$
exercise 1-14 wayne holtz is the bookkeeper for sh