Joseph ACCT 2301WP1 Homework Chapter 04 Homework 2 of 4 0 co

Joseph ACCT 2301.WP1 Homework: Chapter 04 Homework 2 of 4 (0 complete) Score: 0 of 2 pts S4-12 (similar to) The accounting reconds for Boo\'s Auto Parts, In.c. rtected the tolowing amounts at the end of Juy 2010 EEBClick the icon to view the accounts) Prepare the classtled balance shoet for Bob\'s Auto Parts, Inc, at July 31,2016 Use the report format. Begin by preparing the heading and completing the assets section of the balance sheet Next, complete the labilities and stockholders\' equity sections of the statement Bob\'s Auto Parts, Inc Balance Sheet July 31, 2016 Data Table Assets s 19,000 26,700 2,200 28.000 3.300 1,900 150 Current Assets: $ 2800 Cost of goods sold Cash Total operating expenses Accounts payable Total stockholders equity Long-erm notes payable Inventory Salaries paryable 4.400 Equipment, net. 5 400 Accrued lablities 13,600 Net sales revenue 16,000 Accounts receivable 3,000 Prepaid rent 500 Interest expense PrintDone Choose from any list or enter any number in the input fields and then click Check Answer. Clear All

Solution

Bob\'s Auto Part Inc. Balance Sheet As of July 31,2016 ASSETS Current Assets: Cash 2800 Accounts Receivable 3,300 Prepaid Rent 1,900 Inventory 3000 11000 Total Current Assets Non-Current Assets: Fixed Asset Equipment (NET) 26,700 Total Non-Current Assets TOTAL ASSETS 37700 LIABILITIES AND CAPITAL Current Liabilities: Accounts Payable    5,400.00 Accrued Liabilities 2,200.00 Salary Payable       500.00 8,100 Total Current Liabilities Non-Current Liabilities: Long Term Notes Payable 16000 Total Non-Current Liabilities Total Liabilities 24,100 Stock holders Equity 13,600 TOTAL LIABILITY & STOCKHOLDER\'S EQUITY 53700