List the balances of Prairie Land Industries as of August 31, 2024, using a bullet-point...
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Accounting
- List the balances of Prairie Land Industries as of August 31, 2024, using a bullet-point format. Then, compute the total assets and total liabilities based on the provided data.
- Cash: ?18,000 (Debit)
- Accounts Receivable: ?28,000 (Debit)
- Inventory: ?62,000 (Debit)
- Equipment: ?135,000 (Debit)
- Accounts Payable: ?46,000 (Credit)
- Bank Loan: ?100,000 (Credit)
- Equity: ?110,000 (Credit)
- Retained Earnings: ?9,000 (Debit)
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