Question: Equity - ALL OTHER Assets Assets. Create the formula above to give you the CASH Account Balance. You have the information to find TOTAL Liabilities

Equity - ALL OTHER Assets Assets. Create the formula above to give you the CASH Account Balance. You have the information to find TOTAL Liabilities + OWNERS Equity. You also have all of the information to find ALL OTHER B C 25 26 1 2 3 4 6 6 Cash 7 Account Receivable 8 Inventory Assets 9 Equipment 10 Less Accumulated Depreciation 11 12 13 14 Accounts Payable 15 Income Taxes Payable 16 Equipment Loan 17 18 19 20 Common Stock 21 Paid in Capital 22 Retained Earnings 23 Net Income 24 Liabilities Balance Sheet South Dakota Lawn and Garden, Inc December 31, 20XX Owners Equity Total Assets Total Liabilities Total Owners Equity Liabilities and Owners Equity 260,000 21,000 S $ $ 319.920 73.333 30.319 239.000 662,572 23,250 4,823 241.618 269.691 50,000 80,000 25,000 237,881 392,881 662,572 Accounts Receivable Assuming that we have a great A/R person working for us that is able to collect all of the money that is owed, we should have at most 1 month Sales that we are billing for in December. This amount will be paid in

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