Complete the following comparative Balance Sheet for Backgammon Company, if retained earnings increased by $1,000,...
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Accounting
Complete the following comparative Balance Sheet for Backgammon Company, if retained earnings increased by $1,000, property, plant and equipment decreased by $500, and accounts receivable was unchanged during 2020. BackgammonCompany ComparativeBalanceSheetsasofDecember31,2020andDecember31,2019 2018 2017 2018 2017 Assets Liabilities Cash $7,000 $5,000 Accounts Payable $8,000 $7,000 Supplies inventory ? 12,000 Deferred Revenues ? Accounts Receivable ? ? Total Current Liabilities ? Total Current Assets 21,000 20,000 Bonds Payable 5,000 5,000 Property, Plant and Equipment ? 18,000 Total Liabilities ? Shareholders' Equity Contributed Capital 10,000 10,000 Retained Earnings ? Total Shareholders' Equity ? 23,000 Total Assets ? ? Shareholders' Equity ? Year 2017
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