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Calculate the total assets, liabilities, equity, & equity Calculate the percentage that each line item contributes to the balance sheet. (i.e. normalize the values by

  1. Calculate the total assets, liabilities, equity, & equity
  2. Calculate the percentage that each line item contributes to the balance sheet. (i.e. normalize the values by converting the data into a common size balance sheet).

Assets

Amount

Percent

Cash

$14,400.00

Inventory

$13,200.00

Supplies

$21,298.00

Prepaid Insurance

$5,300.00

Office Equipment

$26,400.00

Building

$96,048.00

Total Assets

? calculate ?

Liabilities

Accounts Payable

$32,500.00

Notes Payable

$21,800.00

Mortgage Payable

$23,400.00

Total Liabilities

? calculate ?

Owner's Equity

Capital

? calculate ?

Total Liabilities and Owner's Equity

? calculate ?

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