The table shows financial data for Purrfect Pets, Inc. as of June 30, Year 3. Accounts Receivable$419,200 Retained Earnings 117,900 Inventories 58,400 Other Assets 69,400 Accounts Payable 349,200 Equipment 118,500 Cash 732,600 Common Stock 662,100 Notes Payable 268,900 ?Required:Prepare a balance sheet using these data.
What will be an ideal response?
| Purrfect Pets, Inc. Balance Sheet June 30, Year 3 | |
| ? | ? |
| Assets | ? |
| Cash | $ 732,600 |
| Accounts Receivable | 419,200 |
| Inventories | 58,400 |
| Equipment | 118,500 |
| Other Assets | 69,400 |
| Total Assets | $1,398,100 |
| ? | ? |
| Liabilities | ? |
| Accounts Payable | $ 349,200 |
| Notes Payable | 268,900 |
| Total Liabilities | 618,100 |
| ? | ? |
| Stockholders' Equity | ? |
| Common Stock | 662,100 |
| Retained Earnings | 117,900 |
| Total Stockholders' Equity | 780,000 |
| Total Liabilities and Stockholders' Equity | $1,398,100 |
Business
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