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  • Balance Sheet Assets Amt ($) Liabilities & Equity Amt ($)

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    Viren Deshpande
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    This balance sheet shows the assets, liabilities, and equity of a company as of a point in time. It lists current assets of cash ($15,200), supplies ($2,600), and accounts receivables ($8,000). The only non-current asset is a computer ($58,000). Current liabilities include a loan ($20,000) and accounts payable ($2,000). Owner's equity consists of capital ($46,400) and retained earnings ($15,400), totaling $61,800 which equals total assets of $83,800. Notes explain calculations for beginning cash, supplies, and initial capital amounts.

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    Balance sheet (test)

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    This balance sheet shows the assets, liabilities, and equity of a company as of a point in time. It lists current assets of cash ($15,200), supplies ($2,600), and accounts receivables ($8,000). The only non-current asset is a computer ($58,000). Current liabilities include a loan ($20,000) and accounts payable ($2,000). Owner's equity consists of capital ($46,400) and retained earnings ($15,400), totaling $61,800 which equals total assets of $83,800. Notes explain calculations for beginning cash, supplies, and initial capital amounts.

    Copyright:

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

    Balance Sheet Assets Amt ($) Liabilities & Equity Amt ($)

    Uploaded by

    Viren Deshpande
    This balance sheet shows the assets, liabilities, and equity of a company as of a point in time. It lists current assets of cash ($15,200), supplies ($2,600), and accounts receivables ($8,000). The only non-current asset is a computer ($58,000). Current liabilities include a loan ($20,000) and accounts payable ($2,000). Owner's equity consists of capital ($46,400) and retained earnings ($15,400), totaling $61,800 which equals total assets of $83,800. Notes explain calculations for beginning cash, supplies, and initial capital amounts.

    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

    Balance Sheet

    Assets Amt ($) Liabilities & Equity Amt ($)


    Current Assets Current Liabilities
    Cash (Note 1) 15200 Loan 20000
    Supplies (Note 2) 2600 Accounts Payable 2000
    Accounts Receivables 8000

    Non-current Assets Owner's Equity


    Computer 58000 Capital (Note 3) 46400
    Retained Earnings 15400
    83800 83800

    Note 1: Cash
    50000+20000-58000+12000+1900-5200-3500-2000

    Note 2: Supplies
    6000-100-1900-1400

    Note3: Capital
    50000-100-3500

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