Barney Technologies - As the new accountant for Barney Technologies, you notice that their some information has not been included in their account balances. Answer the following questions based on the...


Barney Technologies - As the new accountant for Barney Technologies, you notice that their some information has not been included in their account balances. Answer the following questions based on the information below.


Barney Technologies


Balance Sheet as at 30 June 2021



What is the Total current assets amount is:

































Cash18,000Accounts payable4,500
Office supplies1,500Merchandise inventory12,000
Accounts receivable3,000Bank loan27,000
Property and equipment75,000Owners equity78,000


The following information has not been incorporated to the accounts of Barney at the end of the period.


1. On the 30 June, Barney withdrew $1,000 from the business.


2.  Depreciation for the year of $7,500 has not been included.


3. Although the invoice has not arrived,  utilities expense for the last month is expected to be $300.



What are the
Total current assets
amount and
Total Liabilities
amount?



Jun 09, 2022
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