Solution-Prepare a balance sheet for the Starbucks Co

Prepare a balance sheet for the Starbucks Co

Assignment Help Cost Accounting

Reference no: EM132755982

Problem - You are given a list of accounts and amount of Starbucks Co. in the table below:

Accounts Payable	$61,250
Accounts Receivable	$70,500
Building	$50,000
Capital Stock	$50,000
Cash	$64,000
Equipment	$30,000
Insurance Expense	$5,000
Land	$125,000
Notes Payable	$175,000
Sales Revenue	$25,000
Salaries Expense	$20,000

Required -

A. Prepare a balance sheet for the Starbucks Co. for the fiscal year ending on December 31, 2019.

B. In order to complete your balance sheet, you need to calculate the amount for retained earnings.

Reference no: EM132755982

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Prepare a balance sheet for the Starbucks Co

Reference no: EM132755982

Reference no: EM132755982

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