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Exercise for Balance sheet
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  Balance Sheet Exercises  Name _____________________ A. The accounting equation can be expressed as: Assets minus Liabilities equals Owner’s Equit. !n other words Own minus Owe equals #orth. $omplete the table  below:AssetsLiabilitiesOwner’s Equit% & '()% * +,)*.% *& -&(% ( +-&&.% , '//% , &(+'.+.%-& ' % & ('),. % + ,+' %(+ *&'% / /'&-. % / % + )-,). % +% *& -,+%'/ -&*/.0. $omplete the blan1s below. $alculate the percents as a 2raction o2 assets rounded to two decimal places. Bill's Bath ShoppeBalance Sheet31-Dec-10 AssetsAmountPercentCash $ 5,400.0013. n!entor $ 3,#00.0014.Supplies $ 1,#%.0015.Prepai& nsurance $ 300.001.())ice *+uipment $ 10,400.001.Buil&in $ #0,%00.001%.otal Assets.1./iailities Accounts Pa ale $ 500.00#0.otes Pa ale $ 1,%00.00#1.2ortae Pa ale $ 13,400.00##.otal /iailities10.#3.(ner's *+uit Bill Booie, Capital11.#4.otal /iailities an& (ner's *+uit 1#.#5. *  $. A comparati3e balance sheet is used to show both the absolute and percentage changes 2or a business between ears. 4ind the amount o2 change in dollars and the  percentage change 2or the balance sheet below. uan's acuum 6epair ShopComparati!e Balance Sheet31-Dec-10 Amount o)Percent Assets7ear #7ear 1Chane() ChaneCash $ 15,45.00 $ 14,#5%.00#.3.n!entor $ ,3%.00 $ ,#3%.00#.40.Supplies $ #,34.00 $ 1,500.00#%.41.Prepai& nsurance $ 1,000.00 $ 1,000.00#.4#.())ice *+uipment $ #0,500.00 $ 1,500.0030.43.Buil&in $ 100,000.00 $10#,000.0031.44.otal Assets $ 145,01.00 $145,4.003#.45./iailities Accounts Pa ale $ 35,000.00 $ #0,#00.0033.4.otes Pa ale $ #3,500.00 $ #0,#00.0034.4.2ortae Pa ale $ 30,000.00 $ #,500.0035.4%.otal /iailities $ %%,500.00 $ ,00.003.4.(ner's *+uit Bill Booie, Capital $ 5,#01.00 $ 5,5.003.50.otal /iailities an& (ner's *+uit $ 145,01.00 $145,4.003%.51. 5. !s this compan a good in3estment6 #h or wh not6 0e sure to describe which aspects on the balance sheet aided ou in our decision ma1ing. &

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Dec 16, 2018

school

Dec 16, 2018
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