BUS3061 Assignment u02a2 Template – Balance Sheet

For this assignment, use the BUS3061 Assignment u02a2 Template (listed under Resources).

Use the following account information to prepare the 2011 balance sheet for Blaze Industries. Be sure to use the proper format, similar to the one that begins on the bottom of page 115 of the McCrary text, Mastering Financial Accounting Essentials.

Wages payable: $880.00. Supplies: $80.00. Common stock: $10,000.00. Equipment: $217,200.00. Interest payable: $3,600.00. Retained earnings: $27,520.00. Accounts receivable: $400.00. Long-term bonds payable: $150,000.00. Cash: $3,050.00. Advances from customers: $460.00. Prepaid insurance: $830.00. Accumulated depreciation: $29,100.00.