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Chapter 2 The Classified Balance Sheet - MIT …

- 9,000 - 9,000 - 1,000 - 1,000 6,000 4,000 5,000 3,000 10,000 + 2,000 ++=++ 35 Balance Sheet as at December 31, 1997 Assets Amount Liabilities and Owners’ Equity Amount Cash 6,000 Loans Payable 3,000 Receivables 4,000 Contributed Capital 10,000 Equipment 5,000 Retained Earnings 2,000 Total Assests $15,000 Total Liabilities ...

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