Use the following information to answer questions 6 – 9
On January 1st 2023, Greta decided to start up a side gig, selling plates made of seaweed. Greta believes that one should always try something at least once, so after a full year of operations, she decides to try and prepare her own balance sheet – see below.
Greta will eventually have an accounting firm; Digits & Co. review her work.
Seaweed Bites
Greta. Brown.
January 1, 2023
| Accounts Receivable | 7,000 | Accounts Payable | $32,000 |
| Automobiles | 9,000 | Bank Loan | $50,000 |
| Cash | 4,000 | ||
| Equipment | 15,000 | ||
| Supplies | 8,500 | Obama, Capital | $38,500 |
| Total Assets | 43,500 | Total Everything | $120,500 |