Balance sheet. Construct the Barron Pizza, Inc. balance sheet statement for Dece
ID: 2593296 • Letter: B
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Explanation / Answer
BARRON PIZZA BALANCE SHEET ASSETS AMOUNT LIABILITIES AMOUNT CURRENT ASSETS AMOUNT CURRENT LIABILITIES AMOUNT Account Receivable $ 34,735 Account Payable $ 74,643 Cash $ 8,326 Short Term Debt $ 132 Inventory $ 23,396 Other Current Assets $ 14,547 TOTAL CURRENT LIABILITIES $ 74,775 Long Term Debt $ 80,250 TOTAL CURRENT ASSETS(A) $ 81,004 Other Non - current Liabilities $ 42,596 Goowill $ 48,342 Net Plant , Property & Equipment $ 1,92,460 TOTAL LIABILITIES (A) $ 1,97,621 Other Non Current Liabilities $ 16,859 OWNER'S EQUITY Common Stock $ 1,19,835 Long Term Investment $ 22,305 Retained Earning $ 43,514 Total OTHER ASSETS(B) $ 2,79,966 TOTAL OWNER'S EQUITY (B) $ 1,63,349 TOTAL ASSETS (A + B) $ 3,60,970 TOTAL LIABILITIES AND OWNERS EQUITY (A +B) $ 3,60,970
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