Question: ABC Inc. Balance Sheet 1 2 3 4 Current assets 5 Cash 6 Accounts receivable 7 Office Supplies 8 Inventory 9 Pre-paid rent 10

ABC Inc. Balance Sheet 1 2 3 4 Current assets 5 Cash6 Accounts receivable 7 Office Supplies 8 Inventory 9 Pre-paid rent 10Notes Rec 11 Fixed assets 12 Building 1/1/2020 $44,559.00 $4,690.00 $4,258.00 $459,871.00

ABC Inc. Balance Sheet 1 2 3 4 Current assets 5 Cash 6 Accounts receivable 7 Office Supplies 8 Inventory 9 Pre-paid rent 10 Notes Rec 11 Fixed assets 12 Building 1/1/2020 $44,559.00 $4,690.00 $4,258.00 $459,871.00 $2,000.00 $88,331.00 $252,845.00 13 Furniture $5,000.00 14 Equipment $56,000.00 15 Land $42,000.00 16 (Less Accumulated Depreciation) -$157,000.00 $198,845.00 17 Total assets $802,554.00 18 Current liabilities 19 Salaries Payable 20 Accounts payable 21 Long term liabilities 22 Notes Payable 23 Total Liabilities 24 Capital Stock 25 Retained Earnings 26 Total Liabilities and Shareholder Equity 27 28 $3,000.00 $88,437.00 $456,286.00 $547,723.00 $100,000.00 $154,831.00 $802,554.00 Instructions & Info 1-1-20 Balance Sheet 12-31-20 Unadjus

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