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HBM 491 (2) Balance Sheet Exercise (12 points) Using the account items listed below, prepare a balance sheet using the report Accounts Payable$24,150Accounts Receivable$21,725Accrued Expenses$7,500Accumulated Depreciation$597,500Additional Paid In capital$22,000Advance Deposits$1,750Allowance for Doubtful Accounts $1,975Building$1,367,500Cash$8,000Common Stock$299,700Construction in Progress$29,250Current Maturities of Long-term Debt$27,750Deferred Charges - uniforms$6,200Demand Deposits$4,750Food and Beverage Inventories$21,000Furnishings & Equipment$380,250Goodwill$47,750Guest Room Supplies$6,250House Banks$6,250Long term mortgage$382,000Non-Current Operating Equipment$12,750Obligations under capital leases $300,000Operating Equipment - current$10,000Prepaid Expenses$5,400Retained Earnings$287,500Short term investments$5,750Treasure Stock Acquired$25,750Unredeemed Gift Certificates$6,750format on the 2nd page. Please use MS Excelto work on this assignment.
Balance SheetAssetsCurrent AssetsHouse Bank$6,250 Demand Deposits$4,750 Food and Beverage Inventories$21,000Short term investments