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Below is a list of the assets and liabilities of a night club at the end of the year (March 30, 2015). Create a balance
Below is a list of the assets and liabilities of a night club at the end of the year (March 30, 2015). Create a balance sheet to work out the owners equity at March 30, 2015. Motor vehicle $20,000 Inventory $5,000 Bank loan $20,000 Cash $1,000 Accounts payable $10,000 Accounts receivable $4,500 Equipment $20,000 Furniture and fixtures $10,000 Accumulated depreciation $1,000 Mortgage $100,000 Accrued wages/salaries payable $25,000
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