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Please fill all the blanks and show calculation pl Question 1: Using the ABC Construction Ltd. balance sheet, complete the missing blanks. Please show all
Please fill all the blanks and show calculation pl
Question 1: Using the ABC Construction Ltd. balance sheet, complete the missing blanks. Please show all calculations at the bottom of the spreadsheet ABC Construction Limited Balance Sheet as at March 31, 20XX ASSETS CURRENT ASSETS Cash Accounts Receivable Prepaid Expenses Marketable Securities Inventory LIABILITIES CURRENT LIABILITIES Bank Overdraft Accounts Payable $25,000 $27,850 $22,180 $29,950 $3,000 $17,000 Total Current Liabilities $52,850 Total Current Assets $87,870 $31,400 Fixed Assets Land Buildings Equipment Furniture Automobile Subtotal less: Depreciation Total Fixed Assets $35,000 Long Term Liabilities Mortgage Loan Equipment Loan LT Notes Payable Total Long Term Liabilities Total Liabilities $60,000 $28,450 $15,500 $31,000 $172,240 $37,880 $80,500 $133,350 $134,360 Equity Share Capital Retained Earnings Total Equity $41,211 $88.880 TOTAL ASSETS TOTAL LIABILITIES & EQUITY $222.230 CalculationsStep by Step Solution
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