Financial information related to the proprietorship of Ebony for February and March 2019 is as follows:

a. Prepare a balance sheet for Ebony interiors as of February 29, 2019. Enter assets in order of liquidity (how quickly they can be converted to cash).

Transcribed Image Text:

Accounts payable Accounts receivable Cash Justin Berk, capital Supplies February 29, 2019 $310,000 800,000 320,000 ? 30,000 March 31, 2019 $400,000 960,000 380,000 ? 35,000 Ebony Interiors Balance Sheet February 29, 2019 Total assets Assets QO00 0 Accounts payable Accounts receivable Cash Justin Berk, capital Supplies February 29, 2019 $310,000 800,000 320,000 ? 30,000 March 31, 2019 $400,000 960,000 380,000 ? 35,000 Ebony Interiors Balance Sheet February 29, 2019 Total assets Assets QO00 0

Answer rating: 100% (QA)

Ebony Interiors Balancesheet February 29 2019 Assets Cash Accounts Receivable Supplies Total As... View the full answer