D.) Students must prepare a balance sheet dated December 2022 (Remember to give your company...
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Accounting
D.) Students must prepare a balance sheet dated December 2022 (Remember to give your company a name). Use the following information for your assets and liabilities: Cash = $330,300; Inventory = 72,000; Supplies = 7,000; Pre Paid Insurance = 5,600; Building = 100,000; Office Equipment = 45,000; Accounts Payable, = $54,000; Notes Payable = $28,000; and Mortgage Payable = 35,000. Use the chart below to set up your Balance Sheet. Reminder, to earn full credit, the Balance Sheet must reflect the correct dollar ($) amount for Total Assets and Total Liabilities.
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