Answer to Question #263330 in Accounting for Another you

Question #263330

A. Prepare the Balance Sheet with the given data.

Accounts Payable - 47,845.00
Accounts Receivable - 7,050.00
Equipment and Supplies - 35,500.00
Cash - 10,000.00
Equity - 6,035.00
Retained Earnings - 3,965.00
Loan Payable - 10,780.00
Inventory - 16, 075.00

Expert's answer

Solution:

A.). The balance sheet is as below:

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