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  • Assignment 3 - Unit 2 Activity 1 - Sohyun Park - Sheet1

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    The Vatican Shop of Gifts has total assets of $73,976.35 as of December 31, 2022, with its largest assets being equipment ($20,000) and automobiles ($37,800). Its total liabilities are $22,800, with its largest liability being a bank loan of $19,000. The owner's equity contribution is $51,176.35, resulting in total liabilities and owner's equity equal to total assets of $73,976.35.

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    Assignment 3_Unit 2 Activity 1_Sohyun Park - Sheet1 (1)

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    The Vatican Shop of Gifts has total assets of $73,976.35 as of December 31, 2022, with its largest assets being equipment ($20,000) and automobiles ($37,800). Its total liabilities are $22,800, with its largest liability being a bank loan of $19,000. The owner's equity contribution is $51,176.35, resulting in total liabilities and owner's equity equal to total assets of $73,976.35.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    Assignment 3 - Unit 2 Activity 1 - Sohyun Park - Sheet1

    Uploaded by

    박소현
    The Vatican Shop of Gifts has total assets of $73,976.35 as of December 31, 2022, with its largest assets being equipment ($20,000) and automobiles ($37,800). Its total liabilities are $22,800, with its largest liability being a bank loan of $19,000. The owner's equity contribution is $51,176.35, resulting in total liabilities and owner's equity equal to total assets of $73,976.35.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Vatican Shop of Gifts

    Balance Sheet
    31-Dec-22
    Asset Liabilities
    Cash $2,566.35 Accounts Payable
    Accounts Receivable - Ceramic Supply $900
    - R. Gregory $450 Religious Art Co. $2,900
    - P. Stanley $1,860 Bank Loan $19,000
    Supplies $1,000 Total Liabilities $22,800
    Furniture $10,300 Owner's Equity
    Equipement $20,000 Jonathan Benedict $51,176.35
    Automobiles $37,800
    Total Asset $73,976.35 Total Liabilities & Owner's Equity $73,976.35

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