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Prepare the balance sheet Hello, I tried to prepare the balance sheet, but my assets are not equal to liabilities and equity. please find the
Prepare the balance sheet
Hello, I tried to prepare the balance sheet, but my assets are not equal to liabilities and equity.
please find the mistake for me. Thank you!
Assets + Liabilities Owner's Equity Owner's Stock Note Payable Tv Dr Cash 120000 42000 25000 Retained earning Accounts Receivable 59000 1o6ooo Interest Payable 1000 Sales Revenue 358000 Inventory 90000 5. T Cost of good solds 136ooo Account Payable 52000 Wages Expense 120003 Equipment 14 6 000 Rent Expense 14000 Interest Expenue 300 K H K The following is Green Co.'s Pre-Closing Trial Balance as of December 31, 2020. Green Co. operates on a monthly accounting period." Account Name Debit Credit Accounts Payable- 52,000+ Accounts Receivable 57,700 Cashe 20,000 Common Stock 25,000 Cost of Goods Solde 136,000+ Equipment 146,000 Interest Expense- 300 Interest Payable 1,000+ Inventory 90,000 Note Payable 42,000+ Retained Earnings 106,000+ Sales Revenue 358,0004 Supplies Expense 14,000 Wages Expense 120,000 Total 584,000 584,0004 6
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