Use the Below information to create a balance sheet in accordance with GAAP standards;
COMPANY: ABC Adibs Burgers and Chicken
Opening Account Balances
The business currently holds a cash balance of
Company holds s worth of inventory
All appliances owned by business; estimated total value of
China and glassware valued at
equipment, furniture and fixtures estimated value of
set aside for special startup costs
Approved for Bank loan of
prepaid months rent at per month to make life easier in the beginningthis is expense
