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Current Attempt in Progress Listed below in alphabetical order are the balance sheet items of Middleton Company at December 31, 2022. Accounts payable Accounts receivable
Current Attempt in Progress Listed below in alphabetical order are the balance sheet items of Middleton Company at December 31, 2022. Accounts payable Accounts receivable Buildings Cash Equipment Ending Owner's Capital $ 21,000 15,000 91,000 6,000 17,000 108,000 Prepare a balance sheet and include a complete heading. MIDDLETON COMPANY Balance Sheet Anya and Nick Ramon, local golf stars, opened the Sandhill Driving Range on March 1, 2022, by investing $24,900 of their cash savings in the business. Equipment was purchased with cash for $8,470. The Ramons leased five acres of land at a cost of $900 per month and paid the first month's rent. During the first month, advertising costs totaled $800, of which $140 was unpaid at March 31, and $400 was paid to members of the high-school golfteam for retrieving golf balls. All revenues from customers were deposited in the company's bank account. On March 15, Anya and Nick withdrew a total of $1,100 in cash for personal living expenses. A $120 utility bill was received on March 31 but was not paid. On March 31, the balance in the company's bank account was $18,600 Anya and Nick thought they had a pretty good first month of operations, but their estimates of profitability ranged from a loss of $6,300 to net income of $1,910. Answer the following
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