Case Study balance sheet - Long-term liabilities Loan from...

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Julie Rowe Balance Sheet As of 12/31/07 Assets Cash $1,000 Supplies 4,750 Inventory 19,250 Service Truck 50,000 Gas Tank 1,000 Office Equipment 4,000 Total Assets $80,000 Liabilities and Owner's Equity
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Unformatted text preview: Long-term liabilities Loan from father $10,000 First National loan 50,000 Total liabilities $60,000 Owners Equity 20,000 $80,000...
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This note was uploaded on 09/23/2009 for the course POL 101 taught by Professor Staff during the Spring '08 term at Purdue University-West Lafayette.

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