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Assets Liabilities

The document is a balance sheet for Triangle Real Estate as of October 31, 2022. It lists assets such as cash, accounts receivable, supplies, and office furniture totaling $23,885. Liabilities include accounts payable to Acme Supply and for office discounts totaling $2,820. The remaining $21,065 is owner's equity held by J. Morse as capital.

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Sneha Das
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58 views4 pages

Assets Liabilities

The document is a balance sheet for Triangle Real Estate as of October 31, 2022. It lists assets such as cash, accounts receivable, supplies, and office furniture totaling $23,885. Liabilities include accounts payable to Acme Supply and for office discounts totaling $2,820. The remaining $21,065 is owner's equity held by J. Morse as capital.

Uploaded by

Sneha Das
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

TRIANGLE REAL ESTATE

ANALYSIS SHEET
FOR OCTOBER 31, 2022
ASSETS = LIABILITIES
ACCOUNTS RECEIVABLE OFFICE ACCOUNTS PAYABLE
OPENING CASH J. SINGH N. SWARTZ SUPPLIES FURNITURE ACME SUPPLY
BALANCES $ 1,216.00 $ 1,500.00 $ 800.00 $ 4,175.00 $ 11,969.00 $ 1,750.00
1 $ 500.00 -$ 500.00
2 -$ 300.00 -$ 300.00
3 $ 495.00
4 $ 4,700.00
5 -$ 950.00 $ 950.00
6 -$ 380.00
7 -$ 290.00
8 $ 1,500.00 -$ 1,500.00
CLOSING $ 5,996.00 $ - $ 300.00 $ 4,670.00 $ 12,919.00 $ 1,450.00
BALANCES $ 23,885.00 $ 23,885.00
NGLE REAL ESTATE
NALYSIS SHEET
OCTOBER 31, 2022
LIABILITIES + EQUITY
ACCOUNTS PAYABLE J. MORSE
OFFICE DISCOUNTS CAPITAL
$ 875.00 $ 17,035.00

$ 495.00
$ 4,700.00

-$ 380.00
-$ 290.00

$ 1,370.00 $ 21,065.00
23,885.00
TRIANGLE REAL ESTATE
BALANCE SHEET
AS AT OCTOBER 31, 2022
ASSETS LIABILITIES
CURRENT ASSETS CURRENT LIABILITIES
Cash $ 5,996.00 Accounts Payable
Accounts Receivable Acme Supply $ 1,450.00
N. Swartz $ 300.00 Office Discounts $ 1,370.00
Total Accounts Receivable $ 300.00 Total Accounts Payable
Supplies $ 4,670.00 LONG-TERM LIABILITIES
Total Current Assets $ 10,966.00 Mortgage Payable 0
LONG-TERM ASSETS Total Long-Term Liabilities
Office Furniture $ 12,919.00 Total Liabilities
Total Long-Term Assets
OWNER'S EQUITY
$ 12,919.00 J. Morse, Capital
Total Assets $ 23,885.00
IES

$ 2,820.00

0
$ 2,820.00

$ 21,065.00
$ 23,885.00

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