Question

From the data provided below, which items do I select to create a balance sheet? I...

From the data provided below, which items do I select to create a balance sheet?

I am supposed to have 7 rows for the left and right-hand side of the balance sheet.

Cash 30,629
Depreciation 56,876
Interest expense 13,130
Accounts Payable 52,910
Net Fixed Assets 262,617
Accounts Receivable 21,524
Notes Payable 24,308
Long-term Debt 129,342
Inventory 45,785
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Answer #1

The following will be shown in the assets and liabilities side of the balance sheet

Assets:
Cash $30,269
Accounts receivable 21,524
Inventory 45,785
Net fixed assets 262,617
Liabilities:
Accounts payable 52,910
Notes payable 24,308
Long term debt 129,342
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