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2. Which of the following on a Balance Sheet would cause concern for you? Use the sample Balance Sheet provided Notes & Comments Current Assets
| 2. Which of the following on a Balance Sheet would cause concern for you? | ||||
| Use the sample Balance Sheet provided | Notes & Comments | |||
| Current Assets | ||||
| 10350 Bank Chequing | $75,992 | |||
| 10857 Visa Credit Card | -$226 | |||
| 12000 Accounts Receivable | $21,296 | |||
| 13500 Inventory Assets | $27,791 | |||
| 14990 Hold Backs | -$275 | |||
| Total Current Assets | $124,578 | |||
| Liabilities & Equity | ||||
| 20000 Accounts Payable | $22,063 | |||
| 22100 Unapplied Cash | $8,716 | |||
| 29300 Shareholder Loan | $24,410 | |||
| 35600 Retained Earnings | $52,416 | |||
| Net Icome (Current Year) | $16,873 | |||
| Total Liabilities & Equity | $124,478 | |||
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Steinbart Romney B.
9th International Edition
0470409460, 978-0470409466
