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At December 31, 2020, Simcoe Hardware Limited has cash of $ 16,000, receivables of $6,000, and inventory of $43,000. The company's equipment totals $113,000, and
At December 31, 2020, Simcoe Hardware Limited has cash of $ 16,000, receivables of $6,000, and inventory of $43,000. The company's equipment totals $113,000, and other assets amount to $10500 Simcoe Hardware owes account short-term notes payable of $7,000, and also has long-term debt of $81,000 Share capital is $15,200. Prepare Simcoe Hardware Limited's balance sheet at December 31, 2020, complete with its appropriate heading Begin by completing the heading, followed by the assets, and then liabilities and shareholders' equity sections Assets Liabilities Current assets: Current liabilities UNIT Total current liabilities Long-term liabilities Total current assets Total liabilities Shareholders' Equity Total shareholders' equity Total liabilities and shareholders' equity Total assets
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