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Balance Sheet Preparation: Prepare a balance sheet for GHI Corporation based on the following information: Asset Amount ($) Liability Amount ($) Cash 50,000 Accounts Payable
Balance Sheet Preparation:
Prepare a balance sheet for GHI Corporation based on the following information:
Asset | Amount ($) | Liability | Amount ($) |
Cash | 50,000 | Accounts Payable | 30,000 |
Accounts Receivable | 40,000 | Notes Payable | 20,000 |
Inventory | 60,000 | ||
Equipment | 100,000 | ||
Total Assets | Total Liabilities & Equity |
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