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Fill out Balance Sheet 2018 and Balance Sheet 2019 - thx! Required information (The following information applies to the questions displayed below.) The accounting records
Fill out Balance Sheet 2018 and Balance Sheet 2019 - thx!
Required information (The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 2019 $ 47,962 $ 8,188 26,034 20,411 4,107 3,008 126,066 134,284 49,331 58,331 0 164,449 0 41,037 68,445 33,947 0 105,486 Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities. Complete this question by entering your answers in the tabs below. Balance Balance Sheet 2018 Sheet 2019 Prepare the balance sheet for the business as of December 31, 2018. Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities. NETTLE DISTRIBUTION Balance Sheet December 31, 2018 Assets Liabilities Equity Total equity 0 Total liabilities and equity Total assets $ $ Balance Sheet 2018 Balance Sheet 2019 > Prepare the balance sheet for the business as of December 31, 2019. Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities. NETTLE DISTRIBUTION Balance Sheet December 31, 2019 Liabilities Assets $ 0 Total liabilities Equity Total equity 0 Total liabilities and equity Total assets $ $ 0Step by Step Solution
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