Guide me through these ones please

Page 37 9B088009 EXERCISES IN BALANCE SHEET CONSTRUCTION Exercise 1 PAUL WEBSTER RETAIL FLORIST Capital, Paul Webster Accumulated depreciation, store fixtures Accounts payable Goodwill Store fixtures, cost Inventory Bank loan (90-day notc) Cash Accrued expenses payable Accounts receivable $27,900 12,000 12,300 6,000 22,500 7,500 6,600 11,100 900 12,600 Assignment Different accounts are listed above, in random order, for the florist business of Paul Webster. The accounts are as at March 1, 2014 1. Determine whether each of the accounts above is a current asset, fixed asset, intangible asset, current liability, long-term liability or equity account. 2. Prepare a balance shect as at March 1, 2014 Exercise 2 THOMAS HARDWARE STORE LTD. $19,500 12,800 Land Prepaid expenses Accrued expenses payable Notes payable, due in 90 days Long-term debt Accumulated depreciation, building and equipment Marketable securities Accounts payable Accounts receivable Common stock, (authorized 2,500 shares; issued 2,052) Goodwill (net) Building and equipment, cost Retained carnings 34,800 54,000 57,200 18,000 73,700 60,000 51,300 2,500 119,000 131,500 5.200 4,400 182,000 Taxes payable Cash Inventory O 2016 Elizabeth Grasby 43