Question

200 AME ENGAGE COLLEGE Take me to the text Empowered Solutions has the following balances as at June 30, 2016 Cash $ 23,000 $ 81,300 Tran, Capital Long-Term Portion of Bank Loan $9,000 Accounts Payable $ 11,300 $ 29,900 $9,400 Accounts Receivable Unearned Revenue Inventory $ 22,500 $9,000 Current Portion of Bank Loan Equipment $ 44,600 Required a) Prepare a classified balance sheet using the balances listed above. Do not enter dollar signs or commas in the input boxes Round all answers to 2 decimal.places Select accounts according.to their.classification.If.more.than one.accountis.used.under.a.classification.enter them.in the order of appearance in the list above. For example.if.cash and accounts receivable are both current assets choose cash for the first drop down menu, and accounts.receivable for the second,

Answer 1

Balance Sheet Assets Non Current Assets Equipment 44,600.00 Current Assets Cash Accounts Receivable Inventory TOTAL 23,000.00 29,900.00 22,500.00 1,20,000.00 Equity and Liabilities 81,300.00 9,000.00 Owner's Equity Capital Non Current Liability Long-term portion of bank loan Current Liability Accounts payable Unearned Revenue Current portion of bank loan TOTAL 11,300.00 9,400.00 9,000.00 1,20,000.00