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S From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2023. Ending merchandise inventory was $4,300 for the year.
S From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2023. Ending merchandise inventory was $4,300 for the year. Cash Prepaid rent Prepaid insurance Office equipment (net) Note payable (long term) P. Bach, capital* "What the owner supplies to the business. Replaces common stock and retained earnings section. Current assets: Cash Assets Prepaid rent Prepaid insurance Merchandise inventory Total current assets Plant and equipment: Office equipment (net) Total assets $ 6,300 Accounts payable Salaries payable $ 1,750 4,300 5,300 6,300 1,750 4,300 4,300 $ $ BACH CRAWLERS Balance Sheet December 31, 2023 16,650 Liabilities Current liabilities: Accounts payable Salaries payable $1,950 1,750 8,300 9,950 Total current liabilities Long-term liabilities: Notes payable Total liabilities Owner's Equity 5,300 P. Bach, capital 21,950 Total liabilities and owner's equity 1,750 $ $ $ 1,750 1,750 1,750 Check my w
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