Prepare a April 30 Balance Sheet in Proper Form for Two

question 25

Essay

Prepare a April 30 balance sheet in proper form for Two Rivers Vending Service, Inc. from the following alphabetical list of the accounts at April 30: $\begin{array}{llcc} \text {Accounts receivable................. } &\$10,000\\ \text { Accounts payable.................. } &18,000\\\\ \text {Building................................... } &28,000\\ \text { Cash....................................... } &10,000\\ \text {Notes payable.......................... } &47,000\\ \text {Office equipment..................... } &12,000\\ \text {Stockholders' equity............... } &?\\ \text { Trucks.................................... } &55,000\\\end{array}$

Recognize different forms of entrepreneurship and financing mechanisms.

Identify business strategies unique to successful entrepreneurs.

Understand the principles of operant conditioning

Differentiate between types of reinforcers

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Definitions:

Equity

The value of an owner's interest in a property or business, determined by subtracting liabilities from assets.

Trading Securities

Marketable securities held by a firm with the intent of short-term trading for profit, which are classified as current assets on the balance sheet.

Accounting Principles

The foundational concepts and guidelines that govern the field of accounting, such as revenue recognition, matching principle, and full disclosure.

Extraordinary Item

Events or transactions that are both unusual in nature and infrequent in occurrence, impacting a company's financial position.