At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace…

At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace…

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At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation
are available:
Accounts Payable
Accounts Receivable
Cash
Common Stock
Dividends
Equipment
Notes Payable
Operating Expenses
Other Expenses
Sales Revenue
Supplies
$ 33,630
10,000
14,400
10,500
1,600
3. Prepare a balance sheet at December 31.
APEC AEROSPACE CORPORATION
Balance Sheet
84,000
51,970
65,000
9,100
97,500
9,500
$
$
0
0
0

Expert Answer:

Answer rating: 100% (QA)

CALCULATIONS Assets Cash 14 400 Accounts Receivable 10 000 Equipment 84 000 Supplies 9 500 Total Ass
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