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The Assets and Liabilities of S&P Day Spa at December

Question 32

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The assets and liabilities of S&P Day Spa at December 31, 2011, and its revenue and expenses for the year are listed below. The Retained Earnings balance was $57,830 at January 1, 2011.
The assets and liabilities of S&P Day Spa at December 31, 2011, and its revenue and expenses for the year are listed below. The Retained Earnings balance was $57,830 at January 1, 2011. Based on the data provided for S&P Day Spa, prepare a balance sheet as of December 31, 2011. Based on the data provided for S&P Day Spa, prepare a balance sheet as of December 31, 2011.

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