Question

Prepare SFP Consider the following data: Cash.........................................................    $   15,200 Accounts receivable.................................       29,500 Accounts payab

Prepare SFP

Consider the following data:
Cash.........................................................    $   15,200
Accounts receivable.................................       29,500
Accounts payable.....................................         34,500
Note payable............................................         50,000
Inventory..................................................         17,000
Dividends payable....................................           5,200
Equipment................................................       220,000
Supplies....................................................           6,400
Net Income..............................................         35,000
Accumulated Depreciation.......................       100,000
Common shares.......................................         40,000
Beginning Retained earnings...................         23,400
Prepaid rent.............................................           1,600
Salaries payable......................................         12,000

1. Total Asset amount=?

2. Total Liabilities amount =?

3.Total SHE amount=?

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