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Unformatted text preview: $39,550 RECTIFIER CONSULTING Balance Sheet Assets Liabilities Current assets: Current liabilities: Cash $8,000 Accounts payable $3,300 Accounts receivable 15,500 Salaries payable 400 Supplies 650 Total liabilities Total current assets $24,150 Property, plant, and equipment: Owner's Equity Office equipment $24,500 Adam Beauchamp, capital Less accum. depr. 5,400 Total property, plant, and equipment 19,100 Total assets $43,250 Total liabilities and owner's equity $3,700 39,550 $43,250...
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