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6. Shown below is the partially completed...

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Accounting

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6. Shown below is the partially completed comparative balance sheet for Playfair Company A. Complete the statement for Playfair Company in your Workbook. B. Identify the four most significant changes. For each, say whether the change has been good or bad. Playfair Company Comparative Balance Sheet December 31, 20-4 and 20-3 20-4 20-3 Increase or Decrease (-) Change $ 9090 65 220 70 636 $144 946 35 700 45 600 $ 86 800 Assets Current Assets Bank Accounts Receivable Supplies Total Current Assets Fixed Assets Land Buildings Equipment Automobilies Total Fixed Assets Total Assets $ 50 000 135 000 141 000 25 000 $351 000 $495 946 $ 50 000 138 000 160 000 30 000 $378 000 $464 800 Liabilities and Owner's Equity Current Liabilities Accounts Payable Bank Loan Total Current Liabilities $ 97 936 50 000 $147 936 $ 52 750 50 000 $102 750 Long-Term Liability Mortgage Payable Total Liabilities $ 70 000 $217 936 $ 75 000 $177 750 T. Jennings, Capital Capital, January 1 Net Income Drawings Capital, December 31 Total Liabilities & Equity $287 050 90 960 $378 010 100 000 $278 010 $495 946 $277 700 84 350 $362 050 75 000 $287 050 $464 800

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