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How do I complete this balance sheet? Cash 10,000 Accounts Payable 15,000 Prepaid Expense 1,000 Building...

How do I complete this balance sheet?

Cash 10,000

Accounts Payable 15,000

Prepaid Expense 1,000

Building 150,000

Land 100,000

Mortgage Payable 50,000

Treasury Stock 50,000

Accounts Receivable 15,000

Equipment 50,000

Accumulated Depreciation  75,000

Allowance for Doubtful Accounts 1,000

Current Maturity of Mortgage Payable 25,000

Common Stock 200,000

Retained Earnings 17,000

Inventory 7,000

Business   Accounting   
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Answer #1

Balance sheet

Assets
Current assets
Cash 10000
Account receivable 15000
Less: Allowance for doubtful accounts -1000 14000
Inventory 7000
Prepaid expense 1000
Total Current assets 32000
Non Current assets
Land 100000
Building 150000
Equipment 50000
Less: Accumulated depreciation -75000 125000
Total Non Current assets 225000
Total Assets 257000
Liabilities and stockholder's equity
Current liabilities
Account payable 15000
Current Maturity of Mortgage Payable 25000
Total Current liabilities 40000
Long term liabilities
Mortgage Payable 50000
Total liabilities 90000
Stockholder's equity
Common Stock 150000
Retained earnings 17000
Total Stockholder's equity 167000
Total liabilities and stockholder's equity 257000
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