Requirement 6. Prepare the balance sheet as of December 31, 2024. (If a box is not used in the statement leave the box empty; do not select a label or enter a zero.) LOADING...(Click to view the trial balance you prepared in Requirement 3.)

Canyon Canoe Company Balance Sheet December 31, 2024 Assets Liabilities Owner's Equity Reference > Canyon Canoe Company Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent 12,125 5,750 1,250 3,000 85,000 35,000 Land Building Canoes 12.000 3,050 295 Accounts Payable Utilities Payable Telephone Payable Unearned Revenue Notes Payable Wilson, Capital 325 750 7.200 136.000 Wilson. Withdrawals 450 Print Done Reference ACCOUNts Receivable Office Supplies Prepaid Rent 5,750 1,250 3,000 85,000 35,000 12,000 Land Building Canoes $ 3,050 295 Accounts Payable Utilities Payable Telephone Payable Unearned Revenue 325 750 Notes Payable Wilson, Capital 7,200 136,000 Wilson. Withdrawals 450 Canoe Rental Revenue 12 400 1.200 Rent Expense Wages Expense Utilities Expense 3.300 445 Telephone Expense 500 Total $ 160.020 $ 160,020 Print Done i More Info - X Dec. 1 Amber contributed land on the river (worth $85,000) and a small building to use as a rental office (worth $35,000) in exchange for capital Dec. 1 Prepaid $3,000 for three months' rent on the warehouse where the company stores the canoes. Dec. 2 Purchased canoes signing a notes payable for $7,200. Dec. 4 Purchased office supplies on account for $500 Dec. 9 Received $4,500 cash for canoe rentals to customers, Dec. 15 Rented canoes to customers for $3,500, but will be paid next month Dec. 16 Received a $750 deposit from a canoe rental group that will use the canoes next month. Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, $2,000. Dec. 20 Received bills for the telephone ($325) and utilities ($295) which will be paid later. Dec. 31 Paid wages of $1,800. Dec. 31 Wilson withdrew $300 cash from the business. ty Print Done for use on local lakes and rive nsactio * More Info - X n the s ties Nov. 1 Received $16,000 cash to begin the company and gave capital to Amber Wilson Nov. 2 Signed a lease for a building and paid $1,200 for the first month's rent Nov. 3 Purchased canoes for $4,800 on account Nov. 4 Purchased office supplies on account, $750 Nov. 7 Earned $1,400 cash for rental of canoes. Nov. 13 Paid $1.500 cash for wages. Nov. 15 Wilson withdrew $50 cash from the business Nov. 16 Received a bill for $150 for utilities. (Use separate payable account) Nov. 20 Received a bill for $175 for cell phone expenses. (Use separate payable account) Nov. 22 Rented canoes to Early Start Daycare on account, $3,000. Nov. 26 Paid $1,000 on account related to the November 3 purchase. Nov. 28 Received $750 from Early Start Daycare for canoe rental on November 22 Nov. 30 Wilson withdrew $100 cash from the business Equity Print Done Jer