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Keria Corp. prepared the following random list of assets, liabilities, revenues, and expen

Keria Corp. prepared the following random list of assets, liabilities, revenues, and expen

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

Tripti 07-Dec-2019

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