You have an opportunity to start a fabulous new business but you need cash. You have 20 minutes to scour a classroom and surrounding area to find items you can sell for cash. List all the items you can find on the left-hand side of the sheet. Then re-order the items in order of liquidity. Remember, balance sheets list all assets in order from the most liquid to the least liquid. Given that you will be completing this assignment from off campus, I am including a photo of a classroom. However, you can also draw on your personal experience.

All Assets , Assets in Order of Liquidity

1. 1.

2. 2.

3. 3.

4. 4.

5. 5.

6. 6.

7. 7.

8. 8.

9. 9.

10. 10.

11. 11.

12. 12.