sooo this is kinda hard to put in here lol... umm
this is what I have...
Assets
Current Assets
Cash19,600.00
Accounts Receivable7,000.00
Supplies600.00
Prepaid Insurance450.00
Total Current Assets27,650.00
Equipment (net of
accumulated
depreciation of XXX)3,000.00
Other Assets5,100.00
Total Assets35,750.00
Liabilities and
Stockholders’ Equity
Current Liabilities
Accounts Payable2,500.00
Wages Payable1,100.00
Income Taxes Payable2,950.00
Total Current Liabilities 6,550.00
Note Payable (2 years;
12% interest due
each December 31)5,000.00
Total Liabilities11,550.00
Stockholders’ Equity
Contributed Capitol16,000.00
Retained Earnings10,300.00
Total Stockholders’ Equity16,300.00
Total Liabilities and
Stockholders Equity27,850.00
2007-02-22
16:06:58
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3 answers
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asked by
tigersnw86
3