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