$40$

$1\mathrm{.}88$

points

eBook

$$

Print:

References

The Balance Sheet is the financial statement that summarizes the financial position of a business. Listing assets, liabilities, and equity, the Balance Sheet reveals what a company owns and what it owes.

Required:

Complete the following to prepare a Balance Sheet for Mookie The Beagle Coach.

From the Navigation Bar, select Reports $>$Standard tab $>$ Business Overview $>$ Balance Sheet

Select Date Range: $02/29/2024$

Select Run report

Export the Balance Sheet to Excel. Complete the steps listed in the Instructions sheet of the Excel Template to copy your Balance Sheet Excel export to the Excel Template.

Answer the following questions about Mookie The Beagle Coach Balance Sheet.

On the Balance Sheet, what are Total Assets?

$2.$ On the Balance Sheet, what are Total Liabilities?

$3.$ On the Balance sheet, what is the balance of the company's VISA credit card account?

$4.$ On the Balance Sheet, what if the amount of Total Prepaid Expenses?

$5.$ On the Balance Sheet, what if the amount of Total Equity?

$\backslash$table$[[1.$ Total assets,$],[2.$ Total liabilities,S $6,812\mathrm{.}52],[3.$ VISA credit card,S $1,660\mathrm{.}00],[4.$ Total prepaid expenses,$ $1,800\mathrm{.}00],[5.$ Total equity,$]]$