Question

On January 1, 2015, Dr. Kurt Rutherford started a new professional corporation, Kurt Rutherford, P.C., to...

On January 1, 2015, Dr. Kurt Rutherford started a new professional

corporation, Kurt Rutherford, P.C., to practice medicine with an initial

investment of $100,000. On December 31, 2015 the accounting records

contained the following amounts:

           

Accounts Payable

$2,000

Accounts Receivable

6,200

Cash

48,100

Capital Stock, $10 par

100,000

Office Equipment

65,000

Accumulated Depreciation        

5,000

Inventory

3,500

Retained Earnings

5,800

Notes Payable (Short-Term)

10,000

           

Prepare an unclassified balance sheet at December 31, 2015. A heading is required.

___________

Business   Accounting   
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