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Prepare a December 31, 2017 balance sheet for Wildland Fire Warriors from the following: cash, $42,200; accounts payable, $30,200; merchandise inventory, $16,200; Jim Shanel, capital,
Prepare a December 31, 2017 balance sheet for Wildland Fire Warriors from the following: cash, $42,200; accounts payable, $30,200; merchandise inventory, $16,200; Jim Shanel, capital, $50,400; and equipment, $22,200.
WILDLAND FIRE WARRIORS Balance Sheet December 31, 2017 | |||
Assets | Liabilities | ||
(Click to select)Merchandise inventoryEquipmentAccounts payableCashJim Shanel, capital | $ | (Click to select)CashAccounts payableJim Shanel, capitalEquipmentMerchandise inventory | $ |
(Click to select)EquipmentCashJim Shanel, capitalAccounts payableMerchandise inventory | Owners Equity | ||
(Click to select)CashEquipmentMerchandise inventoryAccounts payableJim Shanel, capital | (Click to select)Jim Shanel, capitalMerchandise inventoryEquipmentAccounts payableCash | ||
Total assets | $ | Total liabilities and owners equity | $ |
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