Homework Answers
Balance sheet
December 31,2020
| Assets | ||
| Current assets | ||
| Cash | 6850 | |
| Supplies | 1490 | |
| Prepaid insurance | 1290 | |
| Total Current assets | 9630 | |
| Property, plant and equipment | ||
| Equipment | 48290 | |
| Less: Accumulated depreciation-equipment | -4290 | 44000 |
| Intangible assets | ||
| Trademark | 1240 | |
| Total Asset | 54870 | |
| Liabilities and owner's equity | ||
| Current liabilities | ||
| Account payable | 10290 | |
| Salaries and wages payable | 790 | |
| Unearned service revenue | 2290 | |
| Total Current liabilities | 13370 | |
| Long term liabilities | ||
| Bonds payable | 9290 | |
| Stockholder's equity | ||
| Common Stock | 10290 | |
| Retained earnings | 21920 | |
| Total Stockholder's equity | 32210 | |
| Total liabilities and stockholder's equity | 54870 |
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Question 5 of 5 < > - /20 Current Attempt in Progress The Crane Hotel opened...
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