Answers for A-I

Transcribed image text: Assets Current Assets 5 15,000.00 Cash 4.500.00 Accounts Receivable Inventory Prepaid Expenses 7.750.00 $ 35,500.00 Total Current Assets Fixed Assets S 119,000.00 Land 87,500.00 Equipment 15,000.00) B Less Accumulated Depreciation - Equipment Total Fixed Assets Total Assets Liabilities & Equity Current Liabilities $ 17,000.00 Accounts Payable 6,500.00 Accrued abilities Deferred Income Total Current Liabilities 1.500.00 D E Long Term Liabilities Notes Payable Total Long Term Liabilities Totol Liabilities F G Equity Paid-in Capital Retained Earnings 150,000.00 H $ 195,000.00 Total Equity Total Liabilities & Equity 1