From the following particulars prepare a balance sheet for Health and Wellness Hospital as at December 31, 2020. Cash - $50,000.00 Inventory - $25,000.00 Accounts payable - $15,000.00 Wages Payable – $10,000.00 Notes payable - $16,500.00 Mortgage payable - $75,000.00 Plant and equipment $120,000.00 Accounts receivable - $20,500.00 Prepaid Insurance $5,000.00 Owners equity – Please calculate amount

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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From the following particulars prepare a balance sheet for Health and Wellness Hospital as at December 31, 2020. 

Cash - $50,000.00 

Inventory - $25,000.00

Accounts payable - $15,000.00

Wages Payable – $10,000.00

Notes payable - $16,500.00

Mortgage payable - $75,000.00

Plant and equipment $120,000.00

Accounts receivable - $20,500.00

Prepaid Insurance $5,000.00

Owners equity – Please calculate amount 

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