Question

sarks People Tab Window Help ) 24%D Wed 3:51 AM Step #3 - Click here to begin * CengageNOwv2 I Online teac x m/ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeA. Balance Sheets, Net Income Financial information related to the proprietorship of Ebony Interiors for February and March 2019 is as follows: February 29, 2019 March 31, 2019 Accounts payable $42,100 $45,500 Accounts receivable 93,000 106,900 Cash 164,200 278,700 Justin Berk, capital Supplies 8,200 6,800 a. Prepare a balance sheet for Ebony Interiors as of February 29, 2019. Enter assets in order of liquidity (how quickly they can be converted to cash), listing Cash first. Ebony Interiors Balance Sheet February 29, 2019 Assets Total assets Lianties Previous Check My Work more Check My work uses remanng

Answer 1

Ebony Interiors
Balance Sheet
February 29, 2019
Assets
Cash	$164,200
Accounts receivable	$93,000
Supplies	$8,200
Total Assets	$265,400
Liabilities
Accounts payable	$42,100
Owner's Equity
Justin Berk, capital	$223,300	(Balance)
Total Liabilities and Owner's Equity	$265,400