Mathematics, 18.05.2021 07:30 ajaydonlee

COOKIE CREATIONS Balance Sheet

December 31, 2019
Assets

Current Assets
Cash
$
870
Accounts Receivable
650
Supplies
260
Prepaid Insurance
900

Total Current Assets

$
2680

Property, Plant and Equipment
Equipment
900

Less
:
Accumulated Depreciation-Equipment
30
870

Owner’s Equity
$
3550
Liabilities and Owner’s Equity

Current Liabilities
Accounts Payable
$
55
Salaries and Wages Payable
41
Unearned Service Revenue
220

Total Current Liabilities
$
316

Long-term Liabilities
Notes Payable
1500
370

Total Long-term Liabilities
1870

Total Current Assets
2186

Total Long-term Liabilities
Unearned Service Revenue
220

Total Liabilities and Owner’s Equity

Answers: 1

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COOKIE CREATIONS Balance Sheet

December 31, 2019
Assets

Current Asset...