The total balance sheet value for Sandhill Co as of December 21, 2022 is $162,270
It is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
Sandhill Co
Preparation of balance sheet as of December 31, 2022.
Fixed Assets
Equipment (net) $110,700
Current Assets
Accounts receivable $3,500
Cash $6,300
Inventory $2,970
Supplies $3,880
Total Assets $162,270
Current Liabilities
Accounts payable $4,800
Interest payable $500
Notes payable $31,000
Unearned service revenue $910
Salaries and wages payable $800
Financed by:
Common stock $57,000
Balancing figure $67,260
Total Liabilities $162,270
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