The balance sheet items for a circus Company (arranged in alphabetical order) were as follows at March 1, 2020: Notes payable Notes Receivable Equipment Retained earnings Salaries payable Tents Trucks and wagons Accounts Payable Account Receivable Animals $25,000 $5,600 $310,000 $15,000 $4000,000 $115,000 $1200 $108,000 $89,000 $ 1250 $40,000 $125,300 Cages Capital Stock Cash Costumes $16,000 Instructions: Prepare a Balance sheet at December 31, 2019 include a proper heading and compute the amount of cash as part of Current Assets.

The balance sheet items for a circus Company (arranged in alphabetical order) were as follows at March 1, 2020: Notes payable Notes Receivable Equipment Retained earnings Salaries payable Tents Trucks and wagons Accounts Payable Account Receivable Animals $25,000 $5,600 $310,000 $15,000 $4000,000 $115,000 $1200 $108,000 $89,000 $ 1250 $40,000 $125,300 Cages Capital Stock Cash Costumes $16,000 Instructions: Prepare a Balance sheet at December 31, 2019 include a proper heading and compute the amount of cash as part of Current Assets.

Name: The balance sheet items for a circus Company (arranged in alphabetica
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Description: The balance sheet items for a circus Company (arranged in alphabetical order) were as follows at March 1,2020:$25,000$5,600$310,000$15,000$4000,000$115,000$1200$108,000$89,000$ 1250$40,000$125,300Accounts PayableAccount ReceivableAnimalsNotes payabl

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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