Question

What am I doing wrong?

Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data) Click the icon to view the income statement) Click on the icon to view the statement of owner's equity.) Prepare the balance sheet of Centerpiece Arrangements as of December 31, 2018. Of a box is not used in the table leave the box empty do not select a label or enter a zer) Data Table Centerpiece Arrangements Balance Sheet Year Ended December 31, 2018 Liabilities 7200 Accounts Payable $ Cash Accounts Receivable Office Supplie 1700 U Owner's Equity Right, Capital Tor s es and Owner's Equity Insurance Expense Service Revenue s Expense Rates Right C lan 1. 2018 4.500 70.000 1.400 18,000 9,000 7.200 5100 salaries Expense Accounts Payable m Supplies fight wiedrawals Accounts Receivable Eur 46,000 17.000 1,700 4.800 8.000 12.100 Owner corbutor Print Dono

Answer 1

Right, capital December 31, 2018 = Right, capital January 1, 2018 + Owner contribution + Net income - Right, withdrawals

= 9,000+5,100+2,100-4,800

= $11,400

Right, capital on December 31, 2018 $11,400 will be shown in the balance sheet. All other amount has been correctly entered by you.

Kindly comment if you need further assistance.

Thanks‼!