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Can someone fix this balance sheet ASSETS Cash Office supplies Prepaid insurance Inventory Accounts receivable Prepaid rent Deferred revenue Equipment TOTAL ASSETS 6,520 1,045 800
Can someone fix this balance sheet
ASSETS Cash Office supplies Prepaid insurance Inventory Accounts receivable Prepaid rent Deferred revenue Equipment TOTAL ASSETS 6,520 1,045 800 2,750 3,525 650) 1,280 65,350 81,920 1,250 2,500 12,570 18,000 LIABILITIES AND EQUITY Interest payable Salaries payable Accumulated depreciation Note payable (due in 2022) Accounts payable Income tax payable Dividends Retained earnings (INCORRECT!) Profit Owners' capital TOTAL LIABILITIES AND EQUITY 1,455 950 (3,000) 28,655 7,540 12,000 81,920Step by Step Solution
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