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Use the data below to do the following: -Indicate next to each item if it is an Asset, Liability, Owners Equity or Other -create a
Use the data below to do the following: -Indicate next to each item if it is an Asset, Liability, Owners Equity or Other -create a balance sheet. For full credit, the balance sheet should have subtotals for Current Assets, Fixed Assets, Total Assets, Current Liabilities, Long Term Liabilities, Total Liabilities, Total Owners Equity and Total Liabilities and Owners Equity This data is also available as a spreadsheet on the ICON home page under the module for the week the homework is due. It will likely be easier to use the spreadsheet and learning excel will be helpful in your career. Cash $ 23,000 Accounts Receivable $ 8,000 $ (12,000) 20,000 $ $ 120,000 $ 176,000 $ Retained earnings Long Term Note Payable Long Term Loan Owner's Equity Investment Land Buildings Inventory Accounts Payable Equipment Accumulated Depreciation $ 50,000 175,000 30,000 $ $ 22,000 $ 80,000 $ 40,000
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