Problem 2.5A (Static) Preparing a Balance Sheet; Effects of a Change in Assets (LO2-4) HERE COME THE CLOWNS! is the name of a traveling circus. The ledger accounts of the business at June 30, current year, are listed here in alphabetical order. Accounts payable Accounts receivable Animals Cages Capital stock Cash Costumes Assets $ 31,320 8,940 226,872 29,556 360,000 Total Assets ? 37,800 Notes payable Notes receivable Props and equipment Retained earnings Salaries payable Tents Trucks and wagons Required: a. Prepare a balance sheet by using these items and computing the amount of Cash at June 30, current year. HERE COME THE CLOWNS! Balance Sheet June 30, current year Liabilities and Owners' Equity Liabilities: Total liabilities Owners' equity: $ 216,000 11,400 107,496 32,676 11,700 75,600 127,008 Total Liabilities and Owners' Equity

Problem 2.5A (Static) Preparing a Balance Sheet; Effects of a Change in Assets (LO2-4) HERE COME THE CLOWNS! is the name of a traveling circus. The ledger accounts of the business at June 30 , current year, are listed here in alphabetical ordet. Required: a. Prepare a balance sheet by using these items and computing the amount of Cash at June 30 , current year