Question: explain this balance sheet Balance sheet liabilities Assets Current liabilities: Current Asset: Acc payable 35000 Cash 3,100 Accrued expense 2900 Acc receivable 40,500 Unearned revenue

explain this balance sheet

Balance sheet
liabilities Assets
Current liabilities: Current Asset:
Acc payable 35000 Cash 3,100
Accrued expense 2900 Acc receivable 40,500
Unearned revenue 1,500 Prepaid expenses 1,500
Inventory 31,000
TOTAL: 39,400 TOTAL: 76,100

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