The following information is available for Oriole Company Accounts receivable $3,000 Cash $6,300
Accounts payable 4,400 Supplies 3,880
Interest payable 610 Unearned service revenue 860
Salaries and wages expense 4,700 Salaries and wages payable 890
Notes payable 32,000 Depreciation expense 760
Common stock 57,200 Equipment (net) 109,600
Inventory 2,940

Required:
Using the information above, prepare a balance sheet as of December 31, 2022.

Answer and Explanation:

The preparation of the balance sheet is presented below:

Assets                        Amount

Accounts receivable $3,000

Cash                            $6,300

Supplies                     $3,880

Equipment (net)          $109,600

Inventory                     $2,940

Total assets              $125,720

Liabilities and stockholder equity     Amount

Accounts payable                               $4,400

Interest payable                                   $610

Unearned service revenue                 $860

Salaries and wages payable               $890

Notes payable                                      $32,000

Common stock                                   $57,200

Retained earning (bal figu)                 $29,760

Total liabilities & stockholder equity   $125,720

convection currents in magma drive plate tectonics. the answer is true.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.