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BUSINESS SOLUTIONS Comparative Balance Sheets March 3 1 , 2 0 2 2 December 3 1 , 2 0 2 1 Assets Cash $ 8
BUSINESS SOLUTIONS Comparative Balance Sheets March December Assets Cash $ $ Accounts receivable Inventory Computer supplies Prepaid insurance Prepaid rent Total current assets Office equipment Accumulated depreciationOffice equipment Computer equipment Accumulated depreciationComputer equipment Total assets $ $ Liabilities and Equity Accounts payable $ $ Wages payable Unearned computer service revenue Total current liabilities Equity Common stock Retained earnings Total liabilities and equity $ $
BUSINESS SOLUTIONS
Comparative Balance Sheets
March
December
Assets
Cash
$
$
Accounts receivable
Inventory
Computer supplies
Prepaid insurance
Prepaid rent
Total current assets
Office equipment
Accumulated depreciationOffice equipment
Computer equipment
Accumulated depreciationComputer equipment
Total assets
$
$
Liabilities and Equity
Accounts payable
$
$
Wages payable
Unearned computer service revenue
Total current liabilities
Equity
Common stock
Retained earnings
Total liabilities and equity
$
$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To analyze the changes in the balance sheet from December 31 2021 to March 31 2022 we can observe th...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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