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Quickbooks Online Accounting

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 1.4C

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Question

The following are selected account balances for Warren Clinic as of
December 31, 2015, in alphabetical order. Create Warren Clinic's
balance sheet.
Accounts payable
Accounts receivable, net
$ 20,000
60,000
Cash
30,000
Equity
230,000
Long-term debt
120,000
Long-term investments
100,000
Net property and equipment
150,000
Other assets
40,000
Other long-term liabilities
10,000

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