Question
How would I create a Balance Sheet with this information? (using these categories: current assets, property and equipment, other assets, current liabilities, long-term debt, owners
How would I create a Balance Sheet with this information? (using these categories: current assets, property and equipment, other assets, current liabilities, long-term debt, owners equity)
Accounts Payable $21,250
Accounts Receivable $21,725
Allowance for Doubtful Accounts $1,975
Accrued Expenses $7,000
Accumulated Depreciation $595,750
Additional Paid In capital $22,000
Advance Deposits $1,750
Building $1,450,250
Notes Receivable $7,750
China, Glassware, Silver, Linen - current $15,250
Common Stock $300,750
Construction in Progress $29,250
Current Maturities of Long-term Debt $27,750
Deferred Charges $5,750
Demand Deposits $4,750
Food and Beverage Inventories $20,000
Furnishings & Equipment $380,250
Goodwill $40,000
Guest Room Supplies $6,250
House Banks $6,250
Long-term Mortgage $380,000.00
Treasury Stock Acquired $25,750
Prepaid Expenses $5,250
Retained Earnings $289,250
Short-term Investment $12,750
Unredeemed Gift Certificates $6,750
Obligations under capital leases $384,750
Patents $7,750
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