# balance

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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. &

Dec 16, 2018

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Dec 16, 2018
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