y u Dunce sheet Perlect proper accounting principles. LO 14-5, 14-6 Sadie Hawkins owns The Education Supply Center, a small store that sells educational supplies. Hawkins recently approached the local bank for a loan to finance a planned expansion of her store. Hawkins prepared the balance sheet shown below and submitted it to one of the bank's loan officers in support of her loan application The Educational Supply Center Balance Sheet December 31, 2019 Assets Cash Accounts Receivable Inventory Equipment (cost). Personal Residence Supplies Family Auto Total Assets Li t ies and Owner's Equity Accounts Payable Note Payable on Family Cart Mortgage on House Sadio Hawkins, Capital Total abilities and Owner's Equity $ 14,600 15, 39,800 29,000 196,00 2. 28,00 $325, 240 $ 16,250 11, 10. 197, 190 5325,240 The following additional information was made available by Hawkins: a. The inventory has an original cost of $31,700. It is listed on the balance sheet at the estimated selling price. b. The cash listed on the balance sheet includes $3,100 in Sadie Hawkins personal account. The remainder of the cash is in the store's account Prov 103 # Next > y u Dunce sheet Perlect proper accounting principles. LO 14-5, 14-6 Sadie Hawkins owns The Education Supply Center, a small store that sells educational supplies. Hawkins recently approached the local bank for a loan to finance a planned expansion of her store. Hawkins prepared the balance sheet shown below and submitted it to one of the bank's loan officers in support of her loan application The Educational Supply Center Balance Sheet December 31, 2019 Assets Cash Accounts Receivable Inventory Equipment (cost). Personal Residence Supplies Family Auto Total Assets Li t ies and Owner's Equity Accounts Payable Note Payable on Family Cart Mortgage on House Sadio Hawkins, Capital Total abilities and Owner's Equity $ 14,600 15, 39,800 29,000 196,00 2. 28,00 $325, 240 $ 16,250 11, 10. 197, 190 5325,240 The following additional information was made available by Hawkins: a. The inventory has an original cost of $31,700. It is listed on the balance sheet at the estimated selling price. b. The cash listed on the balance sheet includes $3,100 in Sadie Hawkins personal account. The remainder of the cash is in the store's account Prov 103 # Next >