The
following is selected financial information for Affiliated Company as
of December 31, 2011: liabilities, $41,638; equity, $67,362; assets,
$109,000.
Required: |
Prepare the balance sheet for Affiliated Company as of December 31, 2011. (Omit the "$" sign in your response.)
|
Affiliated Company Balance Sheet December 31, 2011 | |
Assets ![]() | $ 109,000 ![]() |
| |
Total Assets | $ 109,000 ![]() |
| |
Liabilities ![]() | $ 41,638 ![]() |
Equity ![]() | 67,362 ![]() |
| |
Total Liabilities and Equity | $ 109,000 ![]() |
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