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Can you please prepare a balance for the attached information? Financial Information Balance Sheet Assets Cash in the bank $45,000 Inventory $203,000 Office Supplies $2,500
Can you please prepare a balance for the attached information?
Financial Information Balance Sheet Assets Cash in the bank $45,000 Inventory $203,000 Office Supplies $2,500 Office Equipment $15,000 Total Assets $265,500 Liabilities Accounts Payable $150,000 Notes Payable $75,000 Total Liabilities $225,000 Owner's Equity Assets Liabilities + equity Owner's Liability $40,500 Statement of Cash Flows for Quarter Ending March 31 Cash received from customers $250,000 Cash paid for salaries $100,000 Cash paid for rent $10,000 Cash paid for other items $20,000 Cash provided by operating activities $120,000 Investing Activities Purchase of equipment $5,000 Financing Activities Additional owner's equity $5,000 Cash on hand as of Jan 1 $35,000 +$120,000 Cash on hand as of March 31 $155,000Step by Step Solution
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