I need help with filling out a balance sheet for the food industry. Current Asse

Question

I need help with filling out a balance sheet for the food industry.

Current Assets: Cash Accounts Receivable Less: Reserve for Bad Debts Merchandise Inventory Prepaid Expenses Notes Receivable Total Current Assets Fixed Assets: Vehicles Less: Accumulated Depreciation Furniture and Fixtures Less: Accumulated Depreciation Equipment Less: Accumulated Depreciation Buildings Less: Accumulated Depreciation Land Tats/Fixed Assets Other Assets: Goodwill Tat-af Other Assets Total Assets Current Liabilities: Accounts Payable Sales Taxes Payable Payroll Taxes Payable Accrued Wages Payable Unearned Revenues Short-Term Notes Payable Short-Term Bank Loan Payable total Current Liabilities Lang- Term Liabilities: Long-Term Notes Payable Mortgage Payable Total Lang- Term Liabilities Total Liabilities Capital: Owner's Equity Net Profit Total Capital Total Liabilities and Capital

Explanation / Answer

Balance sheet information is taken from foods and Inns Inc. for March, 2015:

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