Balance the budget sheet: Current Assets: Total Current Assets: Property and equipment: Other assets: Total Assets:...

Balance the budget sheet:

Current Assets:

Total Current Assets:

Property and equipment:

Other assets:

Total Assets:

Current liabilities:
Total Current Liabilities:

Total Liabilities:

Share holders equity

Total Liabilities & Share holders Equity:

Instructions: Please place the following items and amounts in their correct locations on the balance sheet
Accounts payable	$30,000	Accounts receivable	$20,000
Investments	$10,000	Common stock	$10,000
Additional paid-in capital	$20,000	Prepaid expense	$4,000
Cash and cash equivalents	$100,000	Deferred revenue	$2,000
Notes payable	$10,000	Inventory	$15,000
Retained earnings	$197,100	Intangible assets	$4,000
Long-term debt	$200,000	Land	$24,300
Buildings and improvements	$250,000	Equipment	$50,000
Less accumulated depreciation	($5,000)	Treasury stock	($2,000)
Less accumulated amortization	($200)	Accrued expenses	$5,000

Expert Solution

jeff jeffy answered 2 months ago

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