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Below is the Balance Sheet data for Terps Corp. Complete the balance sheet using the Excel template in the Assignment Folder under Files, and submit

Below is the Balance Sheet data for Terps Corp. Complete the balance sheet using the Excel template in the Assignment Folder under Files, and submit the Excel file here. Hint: you will need to calculate the Retained Earnings Value.

  1. Cash $1,740
  2. Accounts Receivable $2,500
  3. Inventories $900
  4. Bad Debt Provision $-75
  5. Accounts Payable $1050
  6. Notes Payable $500
  7. Accrued Expenses $125
  8. Long-term Liabilities $950
  9. Land $475
  10. Plant and Equipment $3100
  11. Accumulated depreciation $1060
  12. Stock $680
  13. Capital surplus $45
  14. Retained Earnings (Value Not Given)

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A B D E - 1 2 3 Assets Current Assets Liabilities Current Liabilities Cash 1,740 4 5 6 1,740 950 Long-term liabilities Total Liabilities 950 Equity 7 Total Current Assets 8 9 Fixed Assets 10 11 12 Total Fixed Assets 13 14 15 Total Assets 16 17 18 19 20 Total Equity Total Liab. And Equity 1,740 950

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