Question: Need help figuring out these blanks, please. Thank you. From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2017.
Need help figuring out these blanks, please. Thank you.
From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2017. Ending merchandise inventory was $4,200 for the year Cash Prepaid rent Prepaid insurance Office equipment (net) $ 1,900 1,700 8,200 9,700 $ 6,200 Accounts payable 1,700 Salaries payable 4,200 Note payable (long term) 5,200 P. Bach, capital" What the owner supplies to the business. Replaces common stock and retained earnings section. BACH CRAWLERS Balance Sheet December 31, 2017 Assets Liabilities Current assets Current liabilities: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current liabilities Long-term liabilities (Click to select) Total liabilities Total current assets Plant and equipment (Click to select) Owner's Equity (Click to select) Total liabilities and owner's equity Total assets
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