Valdez Equipment Repair Service is owned by Francisco Valdez.
| Cash | $ | 33,300 | Equipment | $ | 77,000 | ||
| Supplies | 5,380 | Accounts Payable | 23,000 | ||||
| Accounts Receivable | 12,200 | ||||||
Use the above figures to prepare a balance sheet dated February 28, 2013. (Be sure to list the accounts in order of their liquidity. Omit the "$" sign in your response.) |
| VALDEZ EQUIPMENT REPAIR SERVICE Balance Sheet February 28, 2013 | ||
| Assets | ||
| Cash | $ | |
| Accounts receivable | ||
| Supplies | ||
| Equipment | ||
| Total Assets | $ | |
| Liabilities | ||
| Accounts payable | $ | |
| Owner's Equity | ||
| Francisco Valdez, Capital | ||
| Total Liabilities and Owner's Equity | $ | |
| Analyze: |
What is the net worth, or owner's equity, at February 28, 2013 for Valdez Equipment Repair Service? (Omit the "$" sign in your response.) |
| Owner's equity | $ |