The mansger of Newe Runrer, Inc., prepared the compery's belance sheet ss of September 30, 2018, whie he company's sccounlant was ill. The bel ance sheet containe numerous erore. In particular, the marager knew hal the belence eheet ehould belance, ae she plugged in Uhe stockholdere' equity maurt roedad to achiave this balance. The stachoicers ccuity amourt s not ccrrect. AI onar amaunts are accurata i ICick the icor to view the maneger's belence sheel) Reed the uiements. Requirement 1. Proparc the coToct ba ance sheet and date it prapery Campute total asscts, tclal labiincs, ard stockhalde cquty. Do nat cassty the balance shoct into aument and lang-term secians. In the first part camplete the asscls section of the balanoe shoat. In the sccord part compicte the lisbiilies and slockholders equily section of the balance sheel. If a box is not used in the belance sheet, leave the box emply: do nct eelect a label or enter a zero.) Assets Liabilities Cash Equipmert Lard Total liabilities Stockholders Equity Total assets Total liabilitiee and atockholders' equity Requirement 2. Is News Runner actualy in better (or worse financial positian than the eranecus balance sheet reparts? Gve the reason far ycur answer. by S financal pesit on beuause stockholders' equity has by $ News Runner and is in iabilties have Requirement S, ldentily the ecoounts laled on e incorrect belence aheet that shoukd not be reperted on he beisnce sheet Stale wty you excuded them from the correct belence sheet you prepered for Requirement 1, On which finenciel alelement shoukd these accounts sppeer? The accourts thet are not on the belence aheet ere: Theee accounts are isled on the The accounte that are let off of the balance sheel are excluded becauee they are The mansger of Newe Runrer, Inc., prepared the compery's belance sheet ss of September 30, 2018, whie he company's sccounlant was ill. The bel ance sheet containe numerous erore. In particular, the marager knew hal the belence eheet ehould belance, ae she plugged in Uhe stockholdere' equity maurt roedad to achiave this balance. The stachoicers ccuity amourt s not ccrrect. AI onar amaunts are accurata i ICick the icor to view the maneger's belence sheel) Reed the uiements. Requirement 1. Proparc the coToct ba ance sheet and date it prapery Campute total asscts, tclal labiincs, ard stockhalde cquty. Do nat cassty the balance shoct into aument and lang-term secians. In the first part camplete the asscls section of the balanoe shoat. In the sccord part compicte the lisbiilies and slockholders equily section of the balance sheel. If a box is not used in the belance sheet, leave the box emply: do nct eelect a label or enter a zero.) Assets Liabilities Cash Equipmert Lard Total liabilities Stockholders Equity Total assets Total liabilitiee and atockholders' equity Requirement 2. Is News Runner actualy in better (or worse financial positian than the eranecus balance sheet reparts? Gve the reason far ycur answer. by S financal pesit on beuause stockholders' equity has by $ News Runner and is in iabilties have Requirement S, ldentily the ecoounts laled on e incorrect belence aheet that shoukd not be reperted on he beisnce sheet Stale wty you excuded them from the correct belence sheet you prepered for Requirement 1, On which finenciel alelement shoukd these accounts sppeer? The accourts thet are not on the belence aheet ere: Theee accounts are isled on the The accounte that are let off of the balance sheel are excluded becauee they are
