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Balance Sheet Assets Amt ($) Liabilities & Equity Amt ($)

This balance sheet shows the assets, liabilities, and equity of a company as of a point in time. It lists current assets of cash ($15,200), supplies ($2,600), and accounts receivables ($8,000). The only non-current asset is a computer ($58,000). Current liabilities include a loan ($20,000) and accounts payable ($2,000). Owner's equity consists of capital ($46,400) and retained earnings ($15,400), totaling $61,800 which equals total assets of $83,800. Notes explain calculations for beginning cash, supplies, and initial capital amounts.

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Viren Deshpande
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36 views

Balance Sheet Assets Amt ($) Liabilities & Equity Amt ($)

This balance sheet shows the assets, liabilities, and equity of a company as of a point in time. It lists current assets of cash ($15,200), supplies ($2,600), and accounts receivables ($8,000). The only non-current asset is a computer ($58,000). Current liabilities include a loan ($20,000) and accounts payable ($2,000). Owner's equity consists of capital ($46,400) and retained earnings ($15,400), totaling $61,800 which equals total assets of $83,800. Notes explain calculations for beginning cash, supplies, and initial capital amounts.

Uploaded by

Viren Deshpande
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Balance Sheet

Assets Amt ($) Liabilities & Equity Amt ($)


Current Assets Current Liabilities
Cash (Note 1) 15200 Loan 20000
Supplies (Note 2) 2600 Accounts Payable 2000
Accounts Receivables 8000

Non-current Assets Owner's Equity


Computer 58000 Capital (Note 3) 46400
Retained Earnings 15400
83800 83800

Note 1: Cash
50000+20000-58000+12000+1900-5200-3500-2000

Note 2: Supplies
6000-100-1900-1400

Note3: Capital
50000-100-3500

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