Balance Sheet Instructions: Prepare a balance sheet for ABC Ltd as at 31st July 2018. PLEASE Record the balances in these FIVE categories in the Balance Sheet below: i. Current Assets il. Long Term Assets ii. iv. Current Liabilities Long Term Liabilities V. Owner's Equity Trial Balance as at 31 JULY 2018 Debit Amount ($) # Description Credit Amount ($) 1 Cash 115,000 2 Accounts receivable 22,665 3 Inventory 5,800 4 Prepaid Insurance 18,700 5 Accounts payable 116,500 6 Salaries payable 26,300 7 Unearned revenue 27,900 8 Notes receivable (after 2 years) 36,900 9 Machinery & Equipment (M&E) 25,510 10 Accumulated depreciation - M&E 15,825 11 Notes payable (within one year) 42,000 12 Owner's Capital 200,550 13 Patent & Trademark 111,500 14 Building 129,000 15 Accumulated depreciation - Building 33,000 16 Loan Payable (after two years) 9,000 17 Interest receivable (within one year) 6,000 TOTAL 471,075 471,075 BALANCE SHEET AS AT 315 JULY 2018 AMOUNT (S) LIABILITIES ASSETS AMOUNT (S) Current Assets Current Liabilities Long Term Assets Long Term Liabilities Owner's Equity TOTAL ASSETS TOTAL OWNER EQUITY & LIABILITIES