Complete the balance sheet.
-Jake's Janitorial Service: fixed assets $80,000; long-term notes $58,000; equity $110,000; accounts payable $25,000; notes payable $10,000; inventory $55,000; accounts receivable $49,000; cash
$19,000
A) Assets: 19,000; 0; 49,000; 55,000; 123,000; 80,000; 203,000
Liabilities: 58,000; 25,000; 83,000; 0; 10,000; 10,000; 93,000
Owner's Equity: 110,000; 203,000
B) Assets: 19,000; 0; 49,000; 123,000; 55,000; 80,000; 203,000
Liabilities: 58,000; 25,000; 83,000; 0; 10,000; 10,000; 93,000
Owner's Equity: 110,000; 203,000
C) Assets: 19,000; 0; 49,000; 55,000; 123,000; 80,000; 203,000
Liabilities: 58,000; 25,000; 83,000; 0; 10,000; 10,000; 110,000
Owner's Equity: 93,000; 203,000
D) Assets: 19,000; 0; 49,000; 55,000; 123,000; 80,000; 203,000
Liabilities: 10,000; 25,000; 35,000; 0; 58,000; 58,000; 93,000
Owner's Equity: 110,000; 203,000
Correct Answer:
Verified
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