Balance sheet - 200 Supplies 25 Prepaid Insurance 1,100...

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Balance sheet . The balance sheet lists the asset, liability, and owner's equity balances at a specific  time. It proves that the accounting equation (Assets = Liabilities + Owner's Equity) is in balance. The  ending balance on the statement of owner's equity is used to report owner's equity on the balance  sheet.  The Greener Landscape Group Balance Sheet April 30,20X2 Assets Cash $ 6,355 Accounts Receivable
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Unformatted text preview: 200 Supplies 25 Prepaid Insurance 1,100 Vehicles $15,000 Less: Accumulated Depreciation (200) Equipment 3,000 Less: Accumulated Depreciation (35) 17,765 Total Assets $25,445 Liabilities and Owner's Equity Liabilities Accounts Payable $ 50 Wages Payable 80 Interest Payable 79 Unearned Revenue 225 Notes Payable 10,000 Total Liabilities 10,434 Owner's Equity J. Green, Capital 15,011 Total Liabilities and Owner's Equity $25,445...
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Balance sheet - 200 Supplies 25 Prepaid Insurance 1,100...

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