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NYC-BBALL BALANCE SHEET
END OF THE YEAR DECEMBER 2017
Assets
Current Assets
Cash $38000
Inventory $12000
Long-term assets
Buildings $400000
Equipment $15000
Liabilities and owner's equity
Current liabilities
Bank loans $90,000
Accounts payable $12,000
Sales tax payable $18,000
Long-term liabilities
Mortgage payable $150,000
Total liabilities
Owner's equity
BBall capital
If the balance sheet equation is assets equal liabilities + owner's equity
Can you derive from the above balance sheet the following for BBall:
. Total Assets:
. Total Liabilities :
. Owner's Equity:
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