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  • Case 1 TRIAL Balance Sheet: As of April 24, 2017

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    Alfonso Ramos C
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    This trial balance sheet as of April 24, 2017 shows the company's assets of $38,000 including cash, accounts receivable, inventory, and furniture and fixtures. Liabilities total $84,500 consisting of accounts payable and notes payable. Equity of $5,500 includes common stock, retained earnings, and no net income for the current year. Total assets and liabilities including equity are equal at $81,000.

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    BLA CHEET

    Original Title

    BIOMEDCORP_TRIALBalanceSheet

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    This trial balance sheet as of April 24, 2017 shows the company's assets of $38,000 including cash, accounts receivable, inventory, and furniture and fixtures. Liabilities total $84,500 consisting of accounts payable and notes payable. Equity of $5,500 includes common stock, retained earnings, and no net income for the current year. Total assets and liabilities including equity are equal at $81,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    10 views1 page

    Case 1 TRIAL Balance Sheet: As of April 24, 2017

    Uploaded by

    Alfonso Ramos C
    This trial balance sheet as of April 24, 2017 shows the company's assets of $38,000 including cash, accounts receivable, inventory, and furniture and fixtures. Liabilities total $84,500 consisting of accounts payable and notes payable. Equity of $5,500 includes common stock, retained earnings, and no net income for the current year. Total assets and liabilities including equity are equal at $81,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    CASE 1

    TRIAL Balance Sheet


    As of April 24, 2017

    ASSETS
    TOTAL ASSETS
    LIABILITIES AND EQUITY
    Liabilities
    Total Liabilities
    Equity
    Retained Earnings
    Net Income
    Total Equity
    TOTAL LIABILITIES AND EQUITY

    Note
    DEBIT CREDIT
    CHECKING 25,000.00
    ACCOUNTS RECIEVABLE 5,000.00
    INVENTORY ASSETS 8,000.00
    FURNITURE &FIXTURES DEPRECIATION 10,000.00
    FURNITYRE &FIXTURESORIGINAL COST 40,000.00
    ACCOUNTS PAYABLE 4,500.00
    NOTES PAYABLE 80,000.00
    COMMON STOCK 1,000.00
    OPENING BALANCE EQUITY 0.00
    RETAINED EARNINGS 5,500.00
    TOTAL $81,000.00 $81,000.00
    This report contains no data.

    Monday, Apr 24, 2017 06:34:38 PM GMT-7 - Accrual Basis

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