Balance sheet - 3,175 Less Accumulated Depreciation 14’3” Raft 50 Total Assets 24,050 Liabilities Account Payable 3,580 US Forest Service

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Adrenaline Junkies Rafting (AJR) Balance Sheet May 31, 20xx Assets Cash 12,015 Accounts receivable 1,005 16 foot Cataraft 2,700 Less Accumulated Depreciation Cataraft 1,275 15’6 Raft 4,080 Less Accumulated Depreciation 15’6 Raft 2,125 Trailer 1,000 Less Accumulated Depreciation Trailer 350 Van 7,500 Less Accumulated Depreciation Van 3,625 14’3” Whitewater Raft
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Unformatted text preview: 3,175 Less Accumulated Depreciation 14’3” Raft 50 Total Assets 24,050 Liabilities Account Payable 3,580 US Forest Service Payable 620 Shuttles Payable 275 Commission Payable 32.5 Total Liabilities 4,507.5 Equity Owners Equity 16,339 Retained Earnings (ending) 3203.5 Total Equity 19,542.5 Total Liabilities and Equity 24,050...
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This note was uploaded on 03/16/2010 for the course BA 211 taught by Professor Culver during the Spring '08 term at Lane Community College.

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