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Complete the Balance Sheet for The Bird Store

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Reference no: EM132704574

Question - Use the following to complete the Balance Sheet for The Bird Store.

The Bird Store is a retailer who specializes in exotic birds. They currently have $30,300 in cash, customers owe them $3,500 for purchased goods, they have $7,800 in inventory, $1,700 in supplies, and $2,600 for misc. equipment. The building and land are worth $170,000. The Bird Store currently owes $850 to suppliers, $4,600 for wages, $1,900 for taxes, $78,000 on the mortgage, and $43,600 for a business loan. Jill initially invested $20,000, Christian invested $15,000, and Lauren invested $10,000. The business has $41,950 in retained earnings.

Reference no: EM132704574

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