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
Accounts payable106,100Salary expense 18,000
Utilities expense5,200Interest payable 1,600