Total shareholders' equity 67,700
Total liabilities and _______
Total assets $93,200 shareholders' equity $93,200
Diff: 2 Type: ES
L.O.: 1-2
CPA COMPETENCIES: Chapter 1
1.1.1 Evaluates financial reporting needs
1.1.2 Evaluates the appropriateness of the basis of financial reporting
1.1.3 Evaluates reporting processes to support reliable financial reporting
92) Following is an alphabetical list of the assets, liabilities, and shareholders' equity accounts of Bliz Inc. Prepare a balance sheet dated April 30, 2017.
Accounts payable $10,200 Note payable $15,000
Accounts receivable 17,000 Retained earnings 27,500
Cash 32,900 Salary payable 10,700
Common shares 34,400 Supplies 13,900
Inventory 34,000
Answer: Bliz Inc.
Balance Sheet
April 30, 2017
Assets Liabilities