Respuesta :
Answer:
$196,000
Explanation:
The question is to prepare the balance sheet of Bowler Corporation as at the end of 2021.
Balance Sheet is generally divided into Assets side (Non-Current and current) Liabilities (non-current and current) and the Stockholders equity. A good balance sheet should be as follows Asset= Liabilities + Equity
Bowler Corporation Balance Sheet as at 2021
Particulars Amount($) Amount($)
Non-Current Assets
Equipment 210,000
Less: Depreciation (78,000) 132,000
Current Assets
Cash 9,500
Accounts receivable 19,500
Inventory 35,000
Total Current Assets 64,000
Total Assets 196,000
Liabilities and Equity
Current Liabilities
Accounts Payable 75,000
Salaries payable 31,000
Total liabilities 106,000
Equity
Common Stock 69,000
Retained earnings 21,000
Total stockholders' equity 90,000
Total Liabilities and Equity 196,000
