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The following alphabetical listing shows the assets, liabilities, and shareholders' equity for Zap ...

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The following alphabetical listing shows the assets, liabilities, and shareholders' equity for Zap ...

The following alphabetical listing shows the assets, liabilities, and shareholders' equity for Zap Ltd. as of December 31, 2014. Prepare a balance sheet dated December 31, 2014.

Accounts payable   $12,200   Inventory   $23,500
Accounts receivable   21,000   Note payable   11,000
Cash   21,600   Retained earnings   17,100
Common shares   50,600   Salary payable    2,300
Equipment   24,600   Supplies   2,500

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

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