Please help me find A. Armani Capital As of December 31, 2017, Armani Company\'s
ID: 2339444 • Letter: P
Question
Please help me find A. Armani Capital
As of December 31, 2017, Armani Company's financial records show the following items and amounts Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense $10, 300 9, 300 6, 300 5, 300 23,600 4, 300 7,600 13, 300 33, 600 22,600 20, 300 12, 300 8, 300 Selling and administrative expenses Note: Early in 2017, the owner invested $1,000 cash in the business. Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2017 Assets Liabilities S10,300 Accounts payable 23,600 Arcnunts rereivahleExplanation / Answer
ARMANI COMPANY
Balance Sheet
31-December,17
Assets
Liabilities
Cash
$ 10,300.00
Accounts Payable
$ 23,600.00
Accounts Receivable
$ 9,300.00
Supplies
$ 6,300.00
Total Liabilities
$ 23,600.00
Equipment
$ 5,300.00
Equity
A. Armani , Capital
$ 7,600.00
Total Assets
$ 31,200.00
Total Liabilities and Equity
$ 31,200.00
Notes
ARMANI COMPANY
Balance Sheet
31-December,17
Assets
Liabilities
Cash
$ 10,300.00
Accounts Payable
$ 23,600.00
Accounts Receivable
$ 9,300.00
Supplies
$ 6,300.00
Total Liabilities
$ 23,600.00
Equipment
$ 5,300.00
Equity
A. Armani , Capital
$ 7,600.00
Total Assets
$ 31,200.00
Total Liabilities and Equity
$ 31,200.00
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