I need Accounting help. SotBy Default Moonlight Company Balance Sheet As of Febr

Question

I need Accounting help.

SotBy Default Moonlight Company Balance Sheet As of February 11, 2016 Feb 11, 16 ASSETS Current Assets Checking/Savings 100 Cash 43,000.00 Total Checking/ Savings Other Current Assets 43,000 00 105 Suppies Total Other Current Assets 3,200 00 3.20000 46,200.00 Total Current Assets Fixed Assets 20,000.00 120,000.00 70,000.00 210,000.00 256,200.00 150 Equipment 155 Land 160- Bailding Total Fixed Assets TOTAL ASSETS LIABILITIES&EQUITY; Liabilities Current Liabilities Other Current Liabilities 5,000.00 5.000.00 5.000 00 200 Accounts Payable Total Other Current Liabilities Total Current Liabilities Long Term Liabilities 250 Hote Payable Total Long Term Liabilities 120000 00 120,000 00 125,000.00 Total Liabilities Equity 300 Common Stock 310- Retained tarnings 41 200 c0 131 20000 256.200.00 Total Equity TOTAL LIABILITIES&EQURTY;

Explanation / Answer

Ans-

1) D.$256200

2) B.$3200

3)D.$256200

4) B$41200

5) B.Stockholders equity

6) A.$62100

7) B.Adequate

8)A)#150

9) D. by the order in which the accounts appear on the financial statements

10) D. #260

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