Question: Problem 6-1: Prepare a simple Balance Sheet in report form. As of June 30, XXX2, Abominable Snowman, owned by David McCoy, a sole proprietor, had
Problem 6-1: Prepare a simple Balance Sheet in report form.
As of June 30, XXX2, Abominable Snowman, owned by David McCoy, a sole proprietor, had the following assets, liabilities, and owners equity. Prepare a simple balance sheet for Abominable Snowman using the report form.
| Accounts receivable | 3,000 |
| Cash | 8,000 |
| David McCoy, Capital | 9,500 |
| Office Equipment | 1,000 |
| Office Furniture | 2,000 |
| Supplies | 500 |
| Note payable/DED Credit Union | 5,000 |
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| Simple Balance Sheet, Report Form | ||
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