2 3 YOUR ANSWER TO PART III: Prepare 2018 Accrual Basis Statements 4 7 ASSETS 11 Current Assets: 12 Cash 13 Accounts receivable 14 Inventory - Supplies 15 16 17 18 Long-term Assets: 19 Building & Equipment 20 Less: 21 Land 24 Total Current Assets 22 Total Long-term Assets 2 Total Assets B-ME, Inc. BALANCE SHEET As of December 31, 2018 (Accrual Basis) |||un|edel LIABILITIES & EQUITY Current Liabilities: Accounts Payable Taxes Payable Total Current Liabilities Long-term Liabilities: Bank Loan Total Liabilities Equity: Common Stock Retained Earnings Total Equity Total Liabilities & Equity 18,875 49,422 332,500

3 YOUR ANSWER TO PART III: Prepare 2018 Accrual Basis Statements B-ME, Inc. BALANCE SHEET As of December 31, 2018 (Accrual Basis) ASSETS 11 Current Assets: 12 Cash 13 Accounts receivable 14 Inventory-Supplies 15 Total Current Assets 16 17 18 Long-term Assets: 19 Building \& Equipment 20 Less: 21 Land 22 Total Long-term Assets 24 Total Assets LIABILITIES \& EQUITY Current Liabilities: Accounts Payable Taxes Payable Total Current Liabilities Long-term Liabilities: Bank Loan Total Liabilities Equity: Common Stock Retained Earnings Total Equity Total Liabilities \& Equity 332,500 INCOME STATEMENT For the Year Ended December 31, 2018 (Accrual Basis) 31 Sales 33 Expenses: 34 35 36 37. 38 39 40 41 Total Expenses 43 NET INCOME 49,422 45 46 3 YOUR ANSWER TO PART III: Prepare 2018 Accrual Basis Statements B-ME, Inc. BALANCE SHEET As of December 31, 2018 (Accrual Basis) ASSETS 11 Current Assets: 12 Cash 13 Accounts receivable 14 Inventory-Supplies 15 Total Current Assets 16 17 18 Long-term Assets: 19 Building \& Equipment 20 Less: 21 Land 22 Total Long-term Assets 24 Total Assets LIABILITIES \& EQUITY Current Liabilities: Accounts Payable Taxes Payable Total Current Liabilities Long-term Liabilities: Bank Loan Total Liabilities Equity: Common Stock Retained Earnings Total Equity Total Liabilities \& Equity 332,500 INCOME STATEMENT For the Year Ended December 31, 2018 (Accrual Basis) 31 Sales 33 Expenses: 34 35 36 37. 38 39 40 41 Total Expenses 43 NET INCOME 49,422 45 46