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Balance Sheet Question: Requirements: Create a balance sheet with the following account balances: Cash: $28,000 Accounts Receivable: $22,000 Inventory: $20,000 Equipment: $60,000 Accumulated Depreciation: $12,000

  • Balance Sheet Question:
    • Requirements: Create a balance sheet with the following account balances:
      • Cash: $28,000
      • Accounts Receivable: $22,000
      • Inventory: $20,000
      • Equipment: $60,000
      • Accumulated Depreciation: $12,000
      • Accounts Payable: $15,000
      • Notes Payable: $10,000
      • Common Stock: $45,000
      • Retained Earnings: $35,000
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