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Use the ending balances from problem 10-27 to prepare a balance sheet. Accounts Receivable $300,000 Cash 135,000 Accounts payable 0 Equipment 70,000 Line of credit
Use the ending balances from problem 10-27 to prepare a balance sheet.
Accounts Receivable $300,000
Cash 135,000
Accounts payable 0
Equipment 70,000
Line of credit 100,000
Permanently Restricted Net Assets 167,000
Supplies 7,000
Temporarily Restricted Net Assets 50,000
Unrestricted Net Assets 125,000
Wages Payable 70,000
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