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Enter amounts into the Balance Sheet by typing in the amounts Do NOT copy cells trom the General Ledger of Pre-Closing Trit Note the following
Enter amounts into the Balance Sheet by typing in the amounts Do NOT copy cells trom the General Ledger of Pre-Closing Trit Note the following three new sub-totals appearing on Lennys Balance Sheet Total Current Assets is a total of those assets, which will turn into cash during the next 12 months or be consumed during the next 12 months. The comparison of Total Current Assets to Total Current tiabiaies gives some indication of Lenny's hquidy that is, its ability to pay its bills in the short-term. Property \& Equipment, not is the amount of Fixed Asset cost, which remains to be depreciated in future accounting petiods Total Current Liabilities is a total of those liabilities that will require payment in the next 12 months in the case of Unearned Revenue, this current liability will be "paid-off" by Lenny's delivering mowing services to the university. Enter amounts into the Balance Sheet by typing in the amounts Do NOT copy cells trom the General Ledger of Pre-Closing Trit Note the following three new sub-totals appearing on Lennys Balance Sheet Total Current Assets is a total of those assets, which will turn into cash during the next 12 months or be consumed during the next 12 months. The comparison of Total Current Assets to Total Current tiabiaies gives some indication of Lenny's hquidy that is, its ability to pay its bills in the short-term. Property \& Equipment, not is the amount of Fixed Asset cost, which remains to be depreciated in future accounting petiods Total Current Liabilities is a total of those liabilities that will require payment in the next 12 months in the case of Unearned Revenue, this current liability will be "paid-off" by Lenny's delivering mowing services to the university
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