I have to make a classified balance sheet for my homework assignment. I can get the current assets to equal $3,415, which is the correct total, but I can't get the total liabilities and stockholders equity to equal that.
I don't know if Im not adding something into that section or what.
Here's our list, can you please help?
Accounts payable $420
Accounts receivable 130
Accumulated depreciation 240
Capital stock 600
Cash 410
Cost of goods sold 1200
Depreciation expense 40
Dividends 260
Income tax expense 315
Income taxes payable 80
Interest expense 120
Inventory 880
Long-term debt 750
Prepaid expenses 20
Property and equip. at cost 2215
Retained earnings 1100
Sales revenue 2500
Unearned revenue 140
Utilities expenses 60
Salaries and wage expense 180
Thanks,
vnalezny