Description
Please submit using the template provided.
do all answers on the excel document provided, show work any questions let me know i will gladly clarify.
In any assignment in Excel, YOU HAVE TO USE THE FORMULAS FOR ANY CALCULATIONS. show work.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Here is the final document.All the best.
PROBLEM 2.5A
HERE COME THE CLOWNS!
Student to input value
HERE COME THE CLOWNS!
Balance Sheet
June 30, current year
Assets
Cash *
Notes receivable
Accounts receivable
Animals
Cages
Costumes
Props and equipment
Tents
Trucks & wagons
Total
Liabilities & Owners' Equity
$
$
27,024
11,400
8,940
226,872
29,556
37,800
107,496
75,600
127,008
651,696
Liabilities:
Notes payable
Accounts payable
Salaries payable
Total liabilities
Owners' equity:
Capital stock
Retained earnings
Total
$
$
216,000
31,320
11,700
259,020
360,000
32,676
$
651,696
b. In order to adjust the balance sheet accordingly we less $17,160 from Tents...