Solved by verified expert :U03a1-3
Learner:
Req 4
PA Engineering, Inc.
Balance Sheet
at December 31, 2012
Assets
Liabilities
Current Assets
Current Liabilities
Cash
Accounts Payable
Accounts Receivable
Salaries and Wages Payable
Prepaid Office Supplies
Interest Payable
Income Tax Payable
Total Current Assets
–
Total Current Liabilities
–
Long-Term Notes Payable
Long-Term Assets
Land
Computers
Contributed Capital
Less:
Accumulated Depreciation(enter as -)
Retained Earnings
Miscellaneous Other Assets
–
Total Long-Term Assets
–
Total Liabilities and Owner’s Equity
$ –
Total Assets
$ –
Total assets = $188,600
See T Accounts
