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Problem 6-1: Prepare a simple Balance Sheet in report form. As of June 30, XXX2, Abominable Snowman, owned by David McCoy, a sole proprietor, had

Problem 6-1: Prepare a simple Balance Sheet in report form.

As of June 30, XXX2, Abominable Snowman, owned by David McCoy, a sole proprietor, had the following assets, liabilities, and owners equity. Prepare a simple balance sheet for Abominable Snowman using the report form.

Accounts receivable

3,000

Cash

8,000

David McCoy, Capital

9,500

Office Equipment

1,000

Office Furniture

2,000

Supplies

500

Note payable/DED Credit Union

5,000

Simple Balance Sheet, Report Form

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