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Instructions Dec. 31,2016 Dec. 31,2015 Assets 3Cash 4Accounts receivable (net) 5Merchandise inventory 6 Prepaid expenses...

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Accounting

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Instructions Dec. 31,2016 Dec. 31,2015 Assets 3Cash 4Accounts receivable (net) 5Merchandise inventory 6 Prepaid expenses 7Equipment 8Accumulated depreciation-equipment 9Total assets $146,480.00 $179,640.00 41,920.00 298,870.00 10,420.00 537900.00 (169,970.00) 133,130.00) 1,190,530.00 $1,135,620.00 225,010.00 321,600.00 13,030.00 654,380.00 Liabilities and Stockholders' Equity 10 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 13 Common stock, $10 par 14 Paid-in capital: Excess of issue price over par-common stock 15 Retained earnings 16 Total liabilities and stockholders' equity 250,960.00 $236,720.00 335,410.00 25,000.00 310,000.00 228,490.00 1,190,530.00 $1,135,620.00 0.00 75,000.00 440,000.00 424,570.00

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