Preparation of balance sheet
Prepare the balance sheet as of December 31, 2009, for Gamma Company, from the following list of items which are arranged in random order. You must compute the amount for accounts payable to complete the balance sheet.
$\begin{array}{lrlr}
\text { Accounts Payable } & \$ ? & \text { Land } & \$ 260,000 \
\text { Land } & \$ 41,600 & \text { Notes Payable } & \$ 377,000 \
\text { Building } & \$ 533,000 & \text { Accounts rec eivable } & \$ 18,750 \
\text { Share capital } & \$ 494,000 & \text { Cash } & \$ 19,760
\end{array}$

Question

Preparation of balance sheet
Prepare the balance sheet as of December 31, 2009, for Gamma Company, from the following list of items which are arranged in random order. You must compute the amount for accounts payable to complete the balance sheet.
 $\begin{array}{lrlr}
\text { Accounts Payable } & \$ ? & \text { Land } & \$ 260,000 \
\text { Land } & \$ 41,600 & \text { Notes Payable } & \$ 377,000 \
\text { Building } & \$ 533,000 & \text { Accounts rec eivable } & \$ 18,750 \
\text { Share capital } & \$ 494,000 & \text { Cash } & \$ 19,760
\end{array}$

Quizplus · Accepted Answer

The Answer of Preparation of balance sheet
Prepare the balance sheet as of December 31, 2009, for Gamma Company, from the following list of items which are arranged in random order. You must compute the amount for accounts payable to complete the balance sheet.
 $\begin{array}{lrlr}
\text { Accounts Payable } & \$ ? & \text { Land } & \$ 260,000 \
\text { Land } & \$ 41,600 & \text { Notes Payable } & \$ 377,000 \
\text { Building } & \$ 533,000 & \text { Accounts rec eivable } & \$ 18,750 \
\text { Share capital } & \$ 494,000 & \text { Cash } & \$ 19,760
\end{array}$

Preparation of Balance Sheet Prepare the Balance Sheet as of December

Preparation of Balance Sheet
Prepare the Balance Sheet as of December