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With below information provide, construct a balance sheet statement 1) Ben Nice Shoe Company has Dec 31 2019 year end 2) The ending balance of
With below information provide, construct a balance sheet statement 1) Ben Nice Shoe Company has Dec 31 2019 year end 2) The ending balance of the cash value in 2019 was $16,030 3) In 2018 the account receivable ending balance was $20,354. The industry average for no collectible rate is 2%. The total sale revenue for the company in 2019 was $160,791 which included $155,695 cash sale. 4) The company paid $4,500 for building insurance policy to cover period May 1 2019 - April 30 2020. 5) In 2019, the company purchased real estate (land and buidling) for $179,500 with the land value $45,000. 6) The building has useful 50 years. The company use straight line depreciation method. 7) There was no unpaid balance from 2018, but Ben company purchased some supplies for $10,000 and paid $1,200 in cash in 2019. 8) In Dec 30 2019, a customer paid $2000 to Ben shoe company and ask Ben to make her nice shoe. The shoe finished and deliver to customer on Jan 30 2020. 9) The company borrowed $100,000 from TD bank for a 25 years mortgage. The up coming year payment will be $1600 which included the interest portion of $1355. 10) The company has $8481 net income at the end of 2019 with no prior retained earning balance. Ben Nice Shoe Company point 1) Asset point 2) point 3) point 3) point 4) point 5) point 6) point 6) Liability point 7) point 8) point 9) TD bank mortgage loan point 9) Equity Common Share $100,000 point 10)
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