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CheckPoint Preparaing Bal Sheets

CheckPoint Preparaing Bal Sheets - CathyBandelow...

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Cathy Bandelow CheckPoint: Preparting Balance Sheets and Stmts ACC 225 Toni Smith QS 4-2 a. 9 b. 3 c. 5 d. 6 e. 8 f. 1 g. 7 h. 4 i. 2
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Name Cathy Bandelow / ACC 225 T Balance Sheet Webb Trucking Company Balance Sheet Dec. 31, 2005 Assets Current Assets Cash………………………………………… $7,000 Accounts receivable……………………….. 16,500 Total current assets……………………….. Plant Assets Trucks………………………………………. $170,000 Less:Accumulated depreciation - Trucks… -35,000 135,000 Office supplies……………………………… 2,000 Land…………………………………………. 75,000 Total plant assets………………………….. Total assets……………………………………………. Liabilities Current liabilities Accounts payable…………………………… $11,000 Interest payable……………………………… 3,000 Long term liabilities Long-term notes payable……………………. 52,000 Equity K. Webb, Capital……………………………………….. Total liabilities and equity……………………………….
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