Question
Keeping the Fundamental Accounting Equation in mind (Assets = Liabilities + Equity), categorize the items below into the proper category to create a simple balance
Keeping the Fundamental Accounting Equation in mind (Assets = Liabilities + Equity), categorize the items below into the proper category to create a simple balance sheet. Please provide the balance sheet in its entirety, not just the answer to the equation.
| Equipment | 250000 |
| Accounts Payable | 50000 |
| Cash | 25000 |
| Loans Payable | 225000 |
| Buildings | 400000 |
| Retained Earnings | 830000 |
| Land | 125000 |
| Accounts Receivable | 150000 |
| Inventory | 155000 |
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The Handbook Of Portfolio Mathematics
Authors: Vince
1st Edition
0471757683, 978-0471757689
