Question: Can you please verify if my answer are correct? Create a Balance Sheet in this worksheet. Helpful instructions on how to use this worksheet are
Can you please verify if my answer are correct?
| Create a Balance Sheet in this worksheet. Helpful instructions on how to use this worksheet are in cells in this column. Arrow down to get started. | JD Creations & Planning | Balance Sheet | |
| Enter Company Name in cell at right. Title of this worksheet is in cell D1. Next instruction is in cell A4. | |||
| Assets label is in cell at right. | Assets | ||
| Enter details in Current Assets table starting in cell at right. Next instruction is in cell A14. | Current assets: | 2021 | 2022 |
| Cash | 50,000.00 | 90,000.00 | |
| Investments | 20,000.00 | 10,000.00 | |
| Inventories | 5,000.00 | 10,000.00 | |
| Accounts receivable | 5,000.00 | 20,000.00 | |
| Pre-paid expenses | 2,000.00 | 5,000.00 | |
| Misc | 3,000.00 | 10,000.00 | |
| Total current assets | 85,000.00 | 145,000.00 | |
| Enter details in Fixed Assets table starting in cell at right. Next instruction is in cell A21. | Fixed assets: | 2021 | 2022 |
| Property and equipment | 50,000.00 | 60,000.00 | |
| Leasehold improvements | 10,000.00 | 13,000.00 | |
| Equity and other investments | 5,000.00 | 10,000.00 | |
| Less accumulated depreciation | 7,400.00 | 20,000.00 | |
| Total fixed assets | 72,400.00 | 103,000.00 | |
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