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BUS FP3061 McAndrewVanessa Assessment2 Attempt3 part 2

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BUS-FP3061 Assessment 2, Part 2 Template
BUS-FP3061 Fundamentals of Accounting
Use the following account information to prepare the 2011 balance sheet for Blaze Industries.
Be sure to use the proper format. If you need to research the format for balance sheets, you
may wish to start with the suggested materials in Resources.
Wages payable - $880.00.
Supplies - $80.00.
Common stock - $10,000.00.
Equipment - $217,200.00.
Interest payable - $3,600.00.
Retained earnings - $27,520.00.
Accounts receivable - $400.00.
Long-term bonds payable - $150,000.00.
Cash - $3,050.00.
Advances from customers - $460.00.
Prepaid insurance - $830.00.
Accumulated depreciation - $29,100.00.

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BUS-FP3061 Assessment 2, Part 2 Template
Capella Proprietary and Confidential
ShortDoc_Internal.doc
Last updated: 10/3/2021 1:41 AM 2
Blaze Industries
Balance Sheet, as of December 31, 2011
ASSETS
$
$
CURRENT ASSETS
Supplies
80
Accounts Receivable
400
Cash
3,050
Prepaid Insurance
830
Total Current Assets
4,360
LONG-TERM ASSETS
Equipment
217,200
Less: Accumulated depreciation
(29,100)
Net Book Value
188,100
TOTAL ASSETS
192,460
LIABILITIES
CURRENT LIABILITIES
Wages payable
880
Interest payable
3,600
Advances from customers
460
Total Current Liabilities
4,940
LONG-TERM LIABILITIES
Long-term bonds payable
150,000
Total Long-term Liabilities
150,000
Total Liabilities
154,940
EQUITY
Common stock
10,000
Retained earnings
27,520
Total Equity
37,520
TOTAL LIABILITIES AND EQUITY
192,460

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BUS-FP3061 Assessment 2, Part 2 Template BUS-FP3061 Fundamentals of Accounting Use the following account information to prepare the 2011 balance sheet for Blaze Industries. Be sure to use the proper format. If you need to research the format for balance sheets, you may wish to start with the suggested materials in Resources. • • • • • • • • • • • • Wages payable - $880.00. Supplies - $80.00. Common stock - $10,000.00. Equipment - $217,200.00. Interest payable - $3,600.00. Retained earnings - $27,520.00. Accounts receivable - $400.00. Long-term bonds payable - $150,000.00. Cash - $3,050.00. Advances from customers - $460.00. Prepaid insurance - $830.00. Accumulated depreciation - $29,100.00. Capella Proprietary and Confidential ShortDoc_Internal.doc Last updated: 10/3/2021 1:41 AM 1 BUS-FP3061 Assessment 2, Part 2 Template Blaze Industries Balance Sheet, as ...
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