Balance sheet accounts for Dale’s Delightful FloristShoppe at the end of a recen

Question

Balance sheet accounts for Dale’s Delightful FloristShoppe at the end of a recent fiscal year are listed below. Preparea schedule demonstrating the assets=liabilities + owner’sequity for the company.

SuppliesInventory               $4,350

Buildings                              $79,500

Cash                                       1,500

Equipment                             12,750

Flowers andPlants                26,000

NotesPayable                       57,500

Proprietor’sCapital                66,600

Explanation / Answer

Assets

=

+

Assets

=

Liabilities

+

Equity 124,100.00 57,500.00 66,600.00 Supplies Inventory 4,350.00 Notes Payable 57,500.00 Propreitors Capital 66,600.00 Buildings 79,500.00 Cash 1,500.00 Equipment 12,750.00 Flowers &Plants 26,000.00

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