Please use the following information to Prepare a balance sheet using today's date. Speedy Catering is...

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Please use the following information to Prepare a balance sheet using today's date. Speedy Catering is owned by Grace Cho. The account balances are as follows: Equipment $33,750.00; Supplies $22,265.00; Bank Loan $79,000.00; Trucks $85,250.00; Building $78,000.00; Speedy owes Maritime Produce $15,420.00; Mortgage $45,000.00; Cash $21,425.50; Furniture $5,240.00; Fundy Cleaners owes Speedy $1,950.00; Speedy owes Eastern Bakers $16,924.00; Additional information: The trucks were bought brand new and certainly will not need to be replaced with the next 10 years. Equipment was purchased eight years ago and has a 10 year replacement warranty. Please use the following information to Prepare a balance sheet using today's date. Speedy Catering is owned by Grace Cho. The account balances are as follows: Equipment $33,750.00; Supplies $22,265.00; Bank Loan $79,000.00; Trucks $85,250.00; Building $78,000.00; Speedy owes Maritime Produce $15,420.00; Mortgage $45,000.00; Cash $21,425.50; Furniture $5,240.00; Fundy Cleaners owes Speedy $1,950.00; Speedy owes Eastern Bakers $16,924.00; Additional information: The trucks were bought brand new and certainly will not need to be replaced with the next 10 years. Equipment was purchased eight years ago and has a 10 year replacement warranty.

Answer rating: 100% (QA)

Speedy Catering Balance Sheet Date Todays Date Assets Equipment 3375000 Trucks 852500... View the full answer