Complete the Balance Sheet

Complete the balance sheet.
-Data-Serve Computer Services: fixed assets $59,000; mortgages $36,000; accounts payable $19,000; notes payable $15,000; long-term notes $26,000; equity $60,000; cash $17,000; inventory $18,000;
Notes receivable $9,000; accounts receivable $53,000

A) Assets: 17,000; 9,000; 53,000; 18,000; 97,000; 59,000; 156,000
Liabilities: 26,000; 19,000; 45,000; 36,000; 15,000; 51,000; 96,000
Owner's Equity: 60,000; 156,000
B) Assets: 17,000; 9,000; 53,000; 18,000; 97,000; 59,000; 156,000
Liabilities: 15,000; 19,000; 34,000; 36,000; 26,000; 62,000; 96,000
Owner's Equity: 60,000; 156,000
C) Assets: 17,000; 9,000; 53,000; 97,000; 18,000; 59,000; 156,000
Liabilities: 26,000; 19,000; 45,000; 36,000; 15,000; 51,000; 96,000
Owner's Equity: 60,000; 156,000
D) Assets: 17,000; 9,000; 53,000; 18,000; 97,000; 59,000; 156,000
Liabilities: 26,000; 19,000; 45,000; 36,000; 15,000; 51,000; 60,000
Owner's Equity: 96,000; 156,000

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free