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Which of the following correctly shows a balance sheet? EXAMPLE COMPANY BALANCE SHEET JANUARY 31, 2019 ASSETS CASH $13,000 ACCOUNTS RECEIVABLE $12,000 TOTAL ASSETS
Which of the following correctly shows a balance sheet? EXAMPLE COMPANY BALANCE SHEET JANUARY 31, 2019 ASSETS CASH $13,000 ACCOUNTS RECEIVABLE $12,000 TOTAL ASSETS $25,000 LIABILITIES ACCOUNTS PAYABLE $6,000 NOTES PAYABLE $4,000 TOTAL LIABILITIES $10,000 EQUITY $15,000 ASSETS CASH $7,000 ACCOUNTS RECEIVABLE $3,000 TOTAL ASSETS $10,000 LIABILITIES ACCOUNTS PAYABLE $8,000 NOTES PAYABLE $7,000 TOTAL LIABILITIES $15,000 EQUITY $7,000
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