styles Problem 2.5A Preparing a Balance Sheet; Effects of a Change in Assets HERE COME THE CLOWNS! is the name of a traveling circus. The ledger accounts of the business at June 30, 2003, are listed here in alphabetical order: Accounts Payable........ Accounts Receivable Animals Cages Capital Stock Cash Costumes $ 25,000 ...5,600 310,000 15,000 400,000 Notes Payable......... Notes Receivable Props and Equipment.. Retained Earnings. Salaries Payable. Tents Trucks & Wagons......... $115,000 .1,200 108,000 .89,000 .1,250 .40,000 .125,300 ..16,000 Instructions a. Prepare a balance sheet by using these items and computing the amount of Cash at June 30, 2003. (After "Accounts Receivable," you may list the remaining assets in any order.) Include a proper balance sheet heading. Page 2 of 2 316 words IK Focus 148% MacBd