Good evening,

I am asking for assistance on the following assignment.

Create a balance sheet using the account names and balances below. Make assumptions about the dollar values of each account so that the balance sheet balances. Remember that assets will equal liabilities plus stockholders equity.

Cite all references used and show the calculation for the final figures in the balance sheet.

Cash 32,800

Accounts Payable 49,000

Property and equipment 98,000

Marketable Securities 3,000

Common Stock 10,000

Prepaid Rent 1,000

Inventories 39,800

Accounts Receivable 300

Long Term Debt 99,500

Retained Earnings 11,950

Current Portion of Long Term Debt 4,450

Goodwill 2,000

Accumulated Depreciation 2,000

Thanks,

G