identify one of the liability accounts other than accounts payable, identify the balance amount and what actions
Question:
identify one of the liability accounts other than accounts payable, identify the balance amount and what actions you will take in the next week or two to clear the balance? Craig's Design and Landscaping Services Balance Sheet As of January 31, 2024 Accrual Basis Saturday, March 9, 2024 08:21 PM GMT-08:00 1/1 TOTAL ASSETS Current Assets Bank Accounts Checking 4,321.40 Total Bank Accounts $4,321.40 Accounts Receivable Accounts Receivable (A/R) 4,879.02 Total Accounts Receivable $4,879.02 Other Current Assets Undeposited Funds 687.15 Total Other Current Assets $687.15 Total Current Assets $9,887.57 Fixed Assets Truck Original Cost 13,495.00 Total Truck 13,495.00 Total Fixed Assets $13,495.00 TOTAL ASSETS $23,382.57 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable (A/P) 1,972.39 Total Accounts Payable $1,972.39 Credit Cards Mastercard 311.17 Total Credit Cards $311.17 Other Current Liabilities Arizona Dept. of Revenue Payable 0.00 Board of Equalization Payable 227.92 Total Other Current Liabilities $227.92 Total Current Liabilities $2,511.48 Total Liabilities $2,511.48 Equity Opening Balance Equity 18,495.00 Retained Earnings 868.68 Net Income 1,507.41 Total Equity $20,871.09 TOTAL LIABILITIES AND EQUITY $23,382.57
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw