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Create a balance sheet, not sure if mine is right or not Based on the following information, create a balance sheet (in excel or sheets)
Create a balance sheet, not sure if mine is right or not
Based on the following information, create a balance sheet (in excel or sheets) at the end of each Quarter. Create an annual income statement (in excel or sheets) (i.e. after Q4). Q1 1. Investor puts $1,500 cash into business for 50% equity 2. Buy $200 of inventory 3. Pay utilities of $250 4. Buy equipment for $150. Will pay in Q2. 1300 2001 T1 Assets Cash; Accounts Receivable Inventory Current/short-term Scooter Equipment! Goodwill! Total Long-Term Total Assets 1500 1500 1500 3000! o Liabilities Payables Current Liabilities Loan Long-Term Liabilities Total Liabilities 0 0: Revenue Expenses! Retained Earnings Owners Equity Equity 100! 25 75 2000: 3000 Step by Step Solution
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