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1.e Supply the missing information in the following pro forma balancesheet for the fourth quarter of year 2. The statement is prepared as of December
1.e Supply the missing information in the following pro forma balancesheet for the fourth quarter of year 2. The statement is prepared as of December 31, year 2. (Amounts to be
deducted shouldbe indicated by a minus sign. Round your answersto the nearest whole dollar.)
Balance Sheet | ||
Assets | ||
Cash | $10,760 | |
Accounts receivable | ? | |
Inventory | ? | |
Store equipment | $400,000 | |
Accumulated depreciation store equipment | ? | ? |
Book value of storeequipment | 312,300 | |
Total assets | $754,484 | |
Liabilities | ||
Accounts payable | ? | |
Utilities payable | ? | |
Sales commissions payable | ? | |
Line of credit | (84,461) | |
Equity | ||
Common stock | 70,000 | |
Retained earnings | ? | |
Total liabilities and equity | $754,484 |
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