Complete the December 31, 2015 First Year of Operation Balance

question 311

Essay

Complete the December 31, 2015 first year of operation Balance sheet for Weglein Company using the following information:
a Retained earnings at December 31, 2015 was $51,000.
b Total stockholders' equity at January 1, 2015 was $139,000.
c On December 30, 2015, additional capital stock was sold for cash, $55,000
d The land and building were purchased on December 30, 2015 for $150,000.

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