Cash Prepaid rent Prepaid insurance Office equipment (net) $ 6,700 1,950 4,700 5,700 Accounts payable Salaries payable Note payable (long term) P. Bach, capital $ 2,150 1,950 8,700 10,950 What the owner supplies to the business. Replaces common stock and retained earnings section. Assets Current assets Cash Prepaid rent Prepaid insurance Notes payable P Bach, capital Total current assets BACH CRAWLERS Balance Sheet December 31, 2017 Liabilities Current liabilities Accounts payable Salaries payable Office equipment (net) 6,700 1.950 4.700 8,700 10.950 33,000 Total current Habilities Long-term liabilities Prey 2 of 20 II Next > O Cash Prepaid rent Prepaid insurance Office equipment (net) $ 6,700 1,950 4,700 5,700 Accounts payable Salaries payable Note payable (long term) P. Bach, capital $ 2,150 1,950 8,700 10,950 What the owner supplies to the business. Replaces common stock and retained earnings section. Assets Current assets Cash Prepaid rent Prepaid insurance Notes payable P Bach, capital Total current assets BACH CRAWLERS Balance Sheet December 31, 2017 Liabilities Current liabilities Accounts payable Salaries payable Office equipment (net) 6,700 1.950 4.700 8,700 10.950 33,000 Total current Habilities Long-term liabilities Prey 2 of 20 II Next > O