Semester 20 Name Student Number Score 1 Determine the missin

Semester: 20 Name: Student Number Score: 1. Determine the missing numbers.(12 percent) Balance Sheet Assets Liabilities s1,250 Cashm. Accounts receivable (net)..2 Inventories $1,090 Accounts payable. 2,490 Deferred revenue... Current assets.. $6,230 Notes payable.. Total liabilitie 5,000 Fixed assets $6,200 Owner\'s equity Accumulated depreciation Owner\'s equity Total liabilities Total assets and owners\' equity... $9.330 f s105.000 has an

Solution

Total assets = Total liabilities + Owners equity

Balance sheet
Assets	Liabilities
Cash	$1,090	Accounts payable	$1,250
Accounts receivable	$2,490	Deferred revenue	$2,050
Inventories	$2,650
Current assets	$6,230	Current liabilities	$3,300
		Notes payable	$1,700
Fixed assets	$6,200
		Total liabilities	$5,000
Accumulated depreciation	$3,100	Owners equity	$4,330
Total assets	$9,330	Total liabilities and owners equity	$9,330