Balance Sheet Summary Activity

Balance Sheet Summary Activity
Balance Sheet Summary Activity
Financial Accounting Fundamentals, Grade 11
Mx. Orr
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Slide 1: Slide
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This lesson contains 2 slides, with interactive quiz and text slide.

time-iconLesson duration is: 30 min

Items in this lesson

Balance Sheet Summary Activity
Balance Sheet Summary Activity
Financial Accounting Fundamentals, Grade 11
Mx. Orr

Slide 1 - Slide

December 31st, 2020
Balance Sheet
Nook's Cranny
Cash
Accounts Receivable 
Inventory
Supplies
$73,700
40,000
67,500
2,000
$183,200
Land
$100,000
Building
50,000
Delivery Equipment
5,000
Furniture
1,000
$159,000
$342,200
Accounts Payable
$45,000
Retained Earnings
$87,200
$87,200
$342,200
Wages Payable
Taxes Payable
20,000
10,000
$75,000
Loan Payable
$180,000
$255,000

Slide 2 - Drag question