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Constructing Balance Sheets and Applying the Current and Quick Ratios The following balance sheet data are reported for Brownlee Catering at September 30, 2015. Accounts
Constructing Balance Sheets and Applying the Current and Quick Ratios
The following balance sheet data are reported for Brownlee Catering at September 30, 2015.
Accounts Receivable | $76,500 | Accounts Payable | $86,000 | |
Notes Payable | 76,000 | Cash | 45,000 | |
Equipment | 153,000 | Common Stock | 123,750 | |
Supplies Inventory | 40,500 | Retained Earnings | ? |
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