Business, 28.05.2021 23:00 richardcarmona54
Prepare a balance sheet in proper format for the company as of December 31st based on the following accounts. Answer questions 8 through 10 based on this balance sheet.
Accounts Payable
5,000
Long-term Notes Receivable
10,000
Accounts Receivable
15,000
Accrued Expenses
3,000
Cash
10,000
Short-term Notes Payable
7,000
Retained Earnings
2,000
Accumulated depreciation
2,000
Prepaid Expenses
3,000
Capital Stock
8,000
Supplies
7,000
9. What is the company’s total equity?
Question 9 options:
$10,000
$8000
$2000
$25000
Answers: 2
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Prepare a balance sheet in proper format for the company as of December 31st based on the following...
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