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Conduct an internet search or use a balance sheet from an assignment, or use an example of a balance sheet 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.
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Cash 32,800
Accounts Payable 49,000
Property and equipment 98,000
Marketable Securities 3,000
Common Stock 10,000
Prepaid Rent 1,000
Inventories 39,800
Accounts Receivable 300
Long Term Debt 99,500
Retained Earnings 11,950
Current Portion of Long Term Debt 4,450
Goodwill 2,000
Accumulated Depreciation 2,000
Format essay part of assignment consistent with APA guidelines.
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[Solved] FIN/575 Balance Sheet and Cash Flow Statement
Balance Sheet and Cash Flow Statement
Fin 575
Balance Sheet and Cash Flow Statement
Tilman J. Fertitta said it correct when he said “Don’t ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers” ("Tilman J. Fertitta Quotes," n.d.). Each business has financial statements to keep track of money coming and going. The balance sheet allows a company to see how heathy a company is by comparing other period balance sheets. Assets are the resource of the company. Liabilities is the company’s obligations. Equity is the shareholders stake in the company. Assets, liabilities and equity make up a balance sheet.
Balance Sheet Example
Haven
Balance Sheet
June 25, 2018
Assets_______________________________ Liabilities________________________________________
Current Assets Cur...
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