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Unformatted text preview: Total Current Assets 7,680 Property, Plant, and Equipment Vehicles $15,000 Less: Accumulated Depreciation (200) $14,800 Vehicles 3,000 Less: Accumulated Depreciation (35) 2,965 17,765 Total Assets $25,445 LIABILITIES AND OWNER'S EQUITY Current Liabilities Accounts Payable $ 50 Wages Payable 80 Interest Payable 79 Unearned Revenue 225 Total Current Liabilities 434 Long-Term Liabilities 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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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.
- Fall '10