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
1
Expert's answer
2021-11-14T17:32:34-0500

Solution:

A.). The balance sheet is as below:

 


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