5. Prepare a simple balance Sheet, use the Net Income from #4 above for that value on your balance sheet SAMPLE Balance Sheet; this one is a little complicated, so simplify it. We only have a few balance sheet accounts. Page 76 in textbook. Only use the accounts you need. It will easily fit on one page. Assets Current Assets Cash Credit card receivables Accounts receivable (net) Marketable securities, al cost Market value $10.500) Food Inventory Berge inventory Supplies Prepaid expenses Total Current Assets Liabilities and Stockholders' Equity Current Liabilities $ 27.900 Accounts payable-trade 2480 Accrued expenses 20,620 Income tax payable 10.000 Deposits and credit balances Current portion, long-term mortgage payable Total Current Liabilities 19.200 3.500 12.300 500 8,200 9,600 2,100 5.200 27.200 $ 62,700 25.100 5 86100 Liabilities & Stockholders Equity Property. Mant. wat Land BISEX Les Med SIA32.00 16.900 23 306475) Langarm Lex Mortgage payable (building les Current portion payable Totall.labilities $840,100 27 200) 1,075.900 Low how $ 75,600 74.550 34.50 35.00 Stockholders quity Capital Stock: 100 par 5.000 Authored, 3.000 shares and and outstanding SO 179 1.516,700 Retsled Earnings Total Lix & Nohaders' SI GO,000 5. Prepare a simple balance Sheet, use the Net Income from #4 above for that value on your balance sheet SAMPLE Balance Sheet; this one is a little complicated, so simplify it. We only have a few balance sheet accounts. Page 76 in textbook. Only use the accounts you need. It will easily fit on one page. Assets Current Assets Cash Credit card receivables Accounts receivable (net) Marketable securities, al cost Market value $10.500) Food Inventory Berge inventory Supplies Prepaid expenses Total Current Assets Liabilities and Stockholders' Equity Current Liabilities $ 27.900 Accounts payable-trade 2480 Accrued expenses 20,620 Income tax payable 10.000 Deposits and credit balances Current portion, long-term mortgage payable Total Current Liabilities 19.200 3.500 12.300 500 8,200 9,600 2,100 5.200 27.200 $ 62,700 25.100 5 86100 Liabilities & Stockholders Equity Property. Mant. wat Land BISEX Les Med SIA32.00 16.900 23 306475) Langarm Lex Mortgage payable (building les Current portion payable Totall.labilities $840,100 27 200) 1,075.900 Low how $ 75,600 74.550 34.50 35.00 Stockholders quity Capital Stock: 100 par 5.000 Authored, 3.000 shares and and outstanding SO 179 1.516,700 Retsled Earnings Total Lix & Nohaders' SI GO,000
