119) Following is an alphabetical list of the assets, liabilities, and shareholders' equity accounts of Bliz Inc. Prepare a balance sheet dated April 30, 2011.
Accounts payable$10,200Note payable$15,000
Accounts receivable17,000Retained earnings27,500
Cash32,900Salary payable 10,700
Common shares34,400Supplies13,900
Inventory34,000
120) Keria Corp. prepared the following random list of assets, liabilities, revenues, and expenses from its December 31, 2010, accounting records. The beginning retained earnings as of January 1, 2010, was $43,100 and the owner, Keria Staple, received dividends of $14,600 during the year. Prepare the balance sheet for Keria Corp. as of December 31, 2010.
Accounts receivable$15,700Service revenue$50,500
Interest expense4,900Cash128,000
Supplies1,500Note payable17,000
Accounts payable106,100Salary expense 18,000
Utilities expense5,200Interest payable 1,600
Furniture18,000Rent expense9,400
Salary payable 2,400Automobiles12,900
Common shares30,500Land23,000
121) Tall Tree Ltd. gathered together the following information regarding the asset, liability, shareholders' equity, revenue, and expense accounts as of the end of its first year in operation, May31, 2011:
Accounts payable$9,700Rent expense$6,500
Accounts receivable3,200Salary expense19,400
Cash13,800Salary payable1,200
Common shares 15,000Service revenue45,500
Dividends8,300Supplies2,500
Interest expense1,200Truck34,600
Note payable21,000Utilities expense5,000
Prepare the Statement of Retained Earnings for Tall Tree Ltd. for the year ended May 31, 2011.