Question
Preston Services financial accounting information for the year ending January 31, 2019 is presented below. Assume all accounts have a normal balance. Cash $8,730 Equipment
Preston Services financial accounting information for the year ending January 31, 2019 is presented below. Assume all accounts have a normal balance. Cash $8,730 Equipment $36,580 Accounts Payable $4,230 Accounts Receivable $3,430 Accumulated Depreciation $530 Uneamed Revenue $1,300 Merchandise Inventory $7,980 Prepaid Insurance $2,870 Bank Loan $24,000 $29,530 Taylor, Capital The bank loan is payable over 5 years and $4,800 will be paid by January 31, 2020. Assets Current Assets Preston Services Classified Balance Sheet As at January 31, 2019 Total Current Assets Property, Plant, and Equipment 0 Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities Total Current Liabilities Long-Term Liabilities here to search # Total Assets Liabilities Current Liabilities Equipment 4 4 Total Current Liabilities Long-Term Liabilities th Total Long-Term Liabilities Total Liabilities Owner's Equity Liabilities and Owner's Equity
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