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SEATWORK #2 - Preparation of Balance Sheet - Hecho En Inc. Deadline of Submission - April 19, Tuesday, 6PM This shall be submitted in
SEATWORK #2 - Preparation of Balance Sheet - Hecho En Inc. Deadline of Submission - April 19, Tuesday, 6PM This shall be submitted in IMAGE format. Late submission will be deducted by 10 points to the raw score. Cash in bank 45,000 Land -100,000 Unearned revenue 550 Equipment - 65,000 Accounts receivables - 35,500 Accumulated Depreciation - 15,000 Inventory 4,440 Notes payable (short-term) -45,000 Marketable Securities- 5,000 Goodwill - 10,000 Prepaid Expenses 1,000 Wages Payable - 28,000 Short-term borrowings- 25,000 Long-term Debt -8,700 Accrued liabilities 3,500 Accounts payable 2,850 Cash in hand Notes - Payables (long term) -6,000 - 80,000 Prepare the balance sheet of Hecho En Inc. as of December 2020:
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