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It's a project 2 for acc-308 Intermediate accounting. Could u explain how we get those numbers and where? thanks Assets Current Assets: cash Accounts Recelvable

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It's a project 2 for acc-308 Intermediate accounting. Could u explain how we get those numbers and where? thanks

Assets Current Assets: cash Accounts Recelvable Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Misc. Supplies Total Current Assets Long Term/Fixed Assets: Baking Equipment Accumulated Depreciation Net Fixed assets I Assets: Peyton Approved Second Location Pro Forma Balance Sheet As of December 31, 2018 7 00000 12,40536 1,691.64 1,691.64 136.39 24925.03 15,00000 -2,14286 12,857.14 35,782.18 Liabilities and Owners' Equity Current Liabilities: Accounts Payable Wages Payable Interest Payable 2,706 62 16917 Total Current Liabilities Long Term Liabilities: Notes Payable 20,000.00 Total Long Term Liabilities: Total Liabilities: Common Stock Retained Earning: $ 74,036.30 Total Equity Total Liabilities & Equity 23,497.90 20,00000 43497.90 74,036.30 117,534.20

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