17. Arrange this Balance sheet and find out the missing figure. The balance sheet items of Mercer Company as of December 31, 2011, follow in random order. You are to prepare a balance sheet for the...


17. Arrange this Balance sheet and find out the missing figure.<br>The balance sheet items of Mercer Company as of December 31, 2011, follow in random order.<br>You are to prepare a balance sheet for the company, using a similar sequence for assets as illus-<br>trated in Exhibit 2-9. You must compute the amount for Retained Earnings.<br>Land...<br>$90,000<br>Office Equipment<br>$ 12,400<br>Accounts Payable....<br>Building....<br>Capital Stock<br>Notes Payable<br>Retained Earnings<br>43,800<br>210,000<br>Accounts Receivable<br>56,700<br>75,000<br>Cash...<br>36,300<br>207,000<br>?<br>

Extracted text: 17. Arrange this Balance sheet and find out the missing figure. The balance sheet items of Mercer Company as of December 31, 2011, follow in random order. You are to prepare a balance sheet for the company, using a similar sequence for assets as illus- trated in Exhibit 2-9. You must compute the amount for Retained Earnings. Land... $90,000 Office Equipment $ 12,400 Accounts Payable.... Building.... Capital Stock Notes Payable Retained Earnings 43,800 210,000 Accounts Receivable 56,700 75,000 Cash... 36,300 207,000 ?

Jun 10, 2022
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