Question

Maths
Zastava Pitt's image
Zastava Pitt
April 12, 2018, 12:55 a.m.

The subject is actually Business but maths is close enough.

6. Create a balance sheet for the opening day of your company in the format below. Use your best estimates, but it doesn't have to be exact. Keep the section headings (Assets, Liabilities, and so on), but replace the specific information with your company's information. (7.5 points)

Assets

 

List the types of assets here and their dollar values.

 

At the end of the list, calculate the total by adding them.

 

 

Liabilities

 

List the types of liabilities here and their dollar values.

 

At the end of the list, calculate the total by adding them.

 

 

Assets - Liabilities = Owner Equity

 

Subtract the liability total from the asset total to get owner equity.

 

 

Owner equity

 

List the investors who have equity, the percentage of equity they have, and the dollar amount it is. (It may be 0.)

 

TIP: You don't need to include retained earnings on an opening day sheet, since there are no earnings yet.

Answer
Maths
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