1234 RedBear Landscaping Company List of Accounts December 31, 2023 5 Cash Accounts Receivable 6 7...

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1234 RedBear Landscaping Company List of Accounts December 31, 2023 5 Cash Accounts Receivable 6 7 Supplies 8 Prepaid Rent 9 Equipment 10 Vehicles 11 Office Furniture 12 Accumulated Depreciation 13 Accounts Payable en $ 6,000 2,000 9,000 5,000 22,000 49,000 8,000 14,000 7,000 14 Accrued Wages Payable 3,000 15 Note Payable (due in six months) 8,000 16 Loan Payable (due in five years) 29,000 28,000 12,000 17 Common Stock, no par 18 Retained Earnings 19 20 A group of four students decided to start a residential landscaping and snowplowing business, Red Bear Landscaping Company (RBLC). This List of Accounts is as of the end of their first year of business. 21 Required: 22 1. From the List of Accounts, prepare a well-formatted, classified balance sheet as of the date noted. 23 1a. "Classified" requires having subtotals for Current Assets and for Current Liabilities. Refer to good-form FS. 24 2. Prove the accounting equation (must document evidence of this step). 25 3a. Calculate the current ratio, two decimal places always required xx.xx [analysis not required] 26 27 Common Errors, fix before submit: missing Total CA; missing Total CL; BS does not balance; missing ratio or not correct calculation 28 29 Checklist SLA Ready Accessibility: Investigate + 1234 RedBear Landscaping Company List of Accounts December 31, 2023 5 Cash Accounts Receivable 6 7 Supplies 8 Prepaid Rent 9 Equipment 10 Vehicles 11 Office Furniture 12 Accumulated Depreciation 13 Accounts Payable en $ 6,000 2,000 9,000 5,000 22,000 49,000 8,000 14,000 7,000 14 Accrued Wages Payable 3,000 15 Note Payable (due in six months) 8,000 16 Loan Payable (due in five years) 29,000 28,000 12,000 17 Common Stock, no par 18 Retained Earnings 19 20 A group of four students decided to start a residential landscaping and snowplowing business, Red Bear Landscaping Company (RBLC). This List of Accounts is as of the end of their first year of business. 21 Required: 22 1. From the List of Accounts, prepare a well-formatted, classified balance sheet as of the date noted. 23 1a. "Classified" requires having subtotals for Current Assets and for Current Liabilities. Refer to good-form FS. 24 2. Prove the accounting equation (must document evidence of this step). 25 3a. Calculate the current ratio, two decimal places always required xx.xx [analysis not required] 26 27 Common Errors, fix before submit: missing Total CA; missing Total CL; BS does not balance; missing ratio or not correct calculation 28 29 Checklist SLA Ready Accessibility: Investigate +