Question

From the information below, create a balance sheet. Cash In Bank: $10,000 Bonds Payable: $30,000 Accounts Receivable: $15,000 Inventories: $ 40,000 Supplies: $5,900 Common Stock: $50,000 Building: $75,000 Accounts Payable: $15,000 Additional Paid-in Capital: $25,000 Total Earnings: $ 25,900​

Answer 1

The answer to this question is given below in the explanation section

Step-by-step explanation:

Assets

Cash In Bank: $10,000

Accounts Receivable: $15,000

Common Stock: $50,000

Building: $75,000

Total Earnings: $ 25,900​

Supplies: $5,900

Total Assets : 198,000

Liabilities

Additional Paid-in Capital: $25,000

Bonds Payable: $30,000

Accounts Payable: $15,000

Total Liabilities: $90,000