es As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,700 cash during the year. Cash Accounts receivable Supplies Equipment Accounts payable Armani, Capital, December 31, prior year Armani, Capital, December 31, current year Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses Problem 1-5A (Algo) Preparing a balance sheet LO P2 Required: Prepare the current year-end balance sheet for Armani Company. Accounts payable Total assets Assets $ $ ARMANI COMPANY Balance Sheet December 31 $ 11,700 10,700 7,700 6,700 14,400 14,400 Total liabilities 17,700 22,400 14,700 36,400 25,400 21,700 13,700 9,700 Liabilities Equity 14,400 Total liabilities and equity $ 0 0 Check m

As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,70, cash during the year. Problem 1.5A (Algo) Preparing a balance sheet LO P2 Required: Prepare the current year-end balance sheot for Armani Company