ACCOUNTING MODULE 3 CRITICAL THINKING

ACCOUNTING MODULE 3 CRITICAL THINKING

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Pit Bull Sings T-Shirt's Company Balance Sheet As of June 19, 2016 Total ASSETS Current Assets Bank Accounts cash 92,375.00 Total Bank Accounts $92,375.00 Inventory Inventory 17,200.00 Total Inventory $17,200.00 Total Current Assets $109,575.00 TOTAL ASSETS $109,575.00 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable 9,500.00 Total Accounts Payable $9,500.00 Total Current Liabilities $9,500.00 Total Liabilities $9,500.00 Equity Opening Balance Equity 100,000.00 Retained Earnings 75.00 Net Income Total Equity $100,075.00 TOTAL LIABILITIES AND EQUITY $109,575.00 Pit Bull Sings T-Shirt's Company
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Transaction Report
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