There is $310,970.83 in Inventory that was forgotten when creating a Balance Sheet.

Please add the Inventory to the Current Assets and make sure the Liability and Shareholder Equity balance out.

The Inventory was paid with cash from prior years profits (NO Liabilities associated with the inventories).

What entry is needed to make the Balance Sheet, Balance out?

Jun 30, 23

"ASSETS

Current Assets Checking/Savings"

BANK ACC 66,555.26

Total Checking/Savings 66,555.26

Inventory

Total Current Assets

TOTAL ASSETS

LIABILITIES & EQUITY

"Liabilities

Current Liabilities Credit Cards

AMERICAN EXPRESS 1008" -3,863.25

CAPITAL ONE 8704 -5,723.54

Total Credit Cards -9,586.79

Total Current Liabilities -9,586.79

Total Liabilities -9,586.79

Equity

Owner Withdrawal 4,169.29

Retained Earnings -3,437.48

Net Income 75,410.24

Total Equity 76,142.05

TOTAL LIABILITIES & EQUITY 66,555.26