Calculate the total assets, liabilities, equity, & equity Calculate the percentage that each line item contributes to the balance sheet. (i.e. normalize the values by converting the data into a common size balance sheet). Assets	Amount	Percent
Cash	$14,400.00
Inventory	$13,200.00
Supplies	$21,298.00
Prepaid Insurance	$5,300.00
Office Equipment	$26,400.00
Building	$96,048.00
Total Assets	? calculate ?
Liabilities
Accounts Payable	$32,500.00
Notes Payable	$21,800.00
Mortgage Payable	$23,400.00
Total Liabilities	? calculate ?
Owner's Equity
Capital	? calculate ?
Total Liabilities and Owner's Equity	? calculate ?

Answer rating: 100% (QA)

To calculate the total assets liabilities owners equity and total liabilities and owners equity we s... View the full answer