From the following particulars prepare a balance sheet for Health and Wellness Hospital as at December 31, 2020. Cash - $50,000.00 Inventory - $25,000.00 Accounts payable - $15,000.00 Wages Payable – $10,000.00 Notes payable - $16,500.00 Mortgage payable - $75,000.00 Plant and equipment $120,000.00 Accounts receivable - $20,500.00 Prepaid Insurance $5,000.00 Owners equity – Please calculate amount
From the following particulars prepare a balance sheet for Health and Wellness Hospital as at December 31, 2020. Cash - $50,000.00 Inventory - $25,000.00 Accounts payable - $15,000.00 Wages Payable – $10,000.00 Notes payable - $16,500.00 Mortgage payable - $75,000.00 Plant and equipment $120,000.00 Accounts receivable - $20,500.00 Prepaid Insurance $5,000.00 Owners equity – Please calculate amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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From the following particulars prepare a
Cash - $50,000.00
Inventory - $25,000.00
Accounts payable - $15,000.00
Wages Payable – $10,000.00
Notes payable - $16,500.00
Mortgage payable - $75,000.00
Plant and equipment $120,000.00
Prepaid Insurance $5,000.00
Owners equity – Please calculate amount
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