From the following, prepare a classified balance sheet for Bach Crawlers as of D

Question

From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2017. Ending merchandise inventory was $4,200 for the year Cash Prepaid rent Prepaid insurance Office equipment (net) $ 1,900 1,700 8,200 9,700 $ 6,200 Accounts payable 1,700 Salaries payable 4,200 Note payable (long term) 5,200 P. Bach, capital" What the owner supplies to the business. Replaces common stock and retained earnings section. BACH CRAWLERS Balance Sheet December 31, 2017 Assets Liabilities Current assets Current liabilities: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current liabilities Long-term liabilities (Click to select) Total liabilities Total current assets Plant and equipment (Click to select) Owner's Equity (Click to select) Total liabilities and owner's equity Total assets

Explanation / Answer

Note that: Inventory is given at top of information in 1st line

(Please thumbs up, if you are satisfied)

BACH CRAWLERS Balance Sheet December 31, 2017 Assets $ $ Liabilities $ $ Current Assets Current Liabilities       Cash         6,200       Accounts Payable         1,900       Inventory         4,200       Salaries Payable         1,700       Prepaid Rent         1,700            Total Current Liabilities         3,600       Prepaid Insurance         4,200            Total Current Assets        16,300 Long Term Liabilities       Note Payable         8,200 Plant and Equipments            Total Liabilities      11,800       Office Equipment (net)           5,200 Owner's Equity       P. Bach, Capital         9,700 Total Assets        21,500 Total Liabilities and Owner's Equity      21,500

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.