Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given below is a screen shot for a balance sheet while in process How will you balance the two sides of the above balance sheet(particularly

Given below is a screen shot for a balance sheet while in process How will you balance the two sides of the above balance sheet(particularly cells no C23, G24 that are the total asset and total liabilities ? paste your excel screenshot answer below here ..Paste your excel screenshot below here?

image text in transcribed

Ti 16 B I U A GJ VE : 1 1 2 3 4. | 5 | 6 | 7 8 9 | 10 | 11 | 12 | 13. 114. 15:16 K20 0 8 C D E G H BALANCE SHEET TEMPLATE emang AREE B $ 10.000.00 $ 11,000.00 nventory Prepaid Expenses ncome Taxes Payable $ 11.000.00 $ 9 $ 11.000.00 $ 12.000.00 Accrued Salones and Woga 5 11.200.00 $ 11.500.00 10 Short-term investments $ 20,000.00 23.000.00 uneared Revenue 19.000.00 24,000.00 11 TOTAL CURRENT ASSETS $ 59,000.00 $ 55,800.00 Current Portion of Long-Term Debt $ $9.000.00 12 AXED (LONG TERM) ASSETS TOTAL CURRENT LIABILITIES 116 200.00 5 100,000.00 $ 120.000.00 LONG TERM LABILITIES Long tem investments Property suoment 50.000 $ 20.000.00 tong em Debit 1 ble screcationi negatives 5.000.00 Delented income la $ 10,000.00 $ 12.000.00 Other 3 TOTAL FIXED ASSETS D000.00 TOTAL LONG-TERM LABIUTRES OWNERS EQUITY Dette income to $ Genussimest 122:00:00 1 TOTAL OTHER ASSETS $ 5 . TOTAL OWNER'S EQUITY = 30000 TOTAL ASSETS R1.000.000 TOTAL UABILITIES AND OWNER'S EQUITY $ 23.200.00 $ COMMON FINANCIAL RATIO YEAR [YEAR] -8C Sunny acer 57 F8 F9 F10 F11 F12 Scrlk Arreldel PrtSc Impr. ecr. SysRol Syst Pause Break Interr. Insert Del Suppr

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial Accounting Ch 1 17

Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton

1st Edition

0077370457, 9780077370459

More Books

Students also viewed these Accounting questions

Question

How to Calculate the Correlation Coefficient

Answered: 1 week ago