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4. Aidan Norton owns Aidan's Lodge in a rural Midwestern town. His accountant is out with the flu, and Aidan has to develop his balance
4. Aidan Norton owns Aidan's Lodge in a rural Midwestern town. His accountant is out with the flu, and Aidan has to develop his balance sheet without his accountant's help. Using the following balance sheet accounts, help Aidan complete his balance sheet. Balance Sheet Accounts $1,275,000 1,590,000 3,250,000 Investments Other Current Liabilities Building Accounts Payable Long-Term Debt Cash Furnishings and Equipment Notes Payable Marketable Securities Paid in Capital Accumulated Depreciation Inventories Common Stock Retained Earnings Land $3,000,000 1,185,000 380,000 750,000 2,865,000 1,460,000 1,800,000 587,500 1,850,000 335,000 Net Receivables 1,957,500 2,675,000 170.000 Other Assets 840,000 Aidan's Lodge Balance Sheet December 31 This Year ASSETS LIABILITIES AND OWNERS EQUITY Current Liabilities Current Assets Total Current Liabilities Total Current Assets Long-Term Liabilities Investments Total Liabilities Property and Equipment Owners' Equity Less: Accumulated Depreciation Net Property and Equipment Total Owners' Equity Other Assets TOTAL ASSETS TOTAL LIABILITIES AND OWNERS' EQUITY
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