Prepare a December 31 Balance Sheet in Proper Form for Smokey

question 205

Essay

Prepare a December 31 balance sheet in proper form for Smokey River Supplies, Inc. from the following list of the accounts: $\begin{array}{llcc} \text { Cash...............................} &\$10,000\\\\ \text {Accounts receivable......... } &8,000\\ \text { Supplies.......................... } &12,000\\ \text { Equipment...................... } &35,000\\ \text {Land................................ } &18,000\\ \text { Accounts payable............ } &13,000\\ \text {Notes payable................... } &41,000\\ \text { Stockholders' equity......... } &29,000\\\end{array}$

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Definitions:

Task Forces

Formal teams convened for a specific purpose and expected to disband when that purpose is achieved.

Mechanistic Design

An organizational structure characterized by strict hierarchies, detailed rules, and a high degree of formalization.

Formal Coordination

The process of integrating activities and resources within an organization through official channels, policies, and procedures.

Organisational Design

Organisational design is the process of structuring an organization's roles, responsibilities, and systems to efficiently achieve its goals and adapt to changes in the environment.