Assignment Steps

Create a balance sheet by doing the following:

Conduct an internet search, use one from an assignment, or use an example located in the textbook and locate a balance sheet.

Review and discuss in 350 words the assets, liabilities and stockholder’s equity items found on the balance sheet.

Create a balance sheet using the account names and balances below. Make assumptions about the dollar values of each account so that the balance sheet balances. Remember that assets will equal liabilities plus stockholders’ equity

Format assignment consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

Cash 32,800

Accounts Payable 49,000

Property and equipment 98,000

Marketable Securities3,000

Common Stock10,000

Prepaid Rent 1,000

Inventories39,800

Accounts Receivable 300

Long Term Debt99,500

Retained Earnings11,950

Current Portion of Long Term Debt4,450

Goodwill2,000

Dr. Ahmed

Accumulated Depreciation 2,000