Question
As the accountant for Rons Donut Shop, prepare a December 31, 2015, balance sheet from the following: cash, $40,000; accounts payable, $28,000; merchandise inventory, $14,000;
| As the accountant for Rons Donut Shop, prepare a December 31, 2015, balance sheet from the following: cash, $40,000; accounts payable, $28,000; merchandise inventory, $14,000; Vic Sullivan, capital, $46,000; and equipment, $20,000. | |||
| RONS DONUT SHOP Balance Sheet December 31, 2015 | |||
| Assets | Liabilities | ||
| $ | |||
| $ | |||
| Owners Equity | |||
| Total assets | $ | Total liabilities and owners equity | $ |
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DCAA Contract Audit Manual Volume 1
Authors: Defense Contract Audit Agency
1st Edition
B08HTL19V5, 979-8684992995
