Sam Sneaky has nearly completed his September 16, 2021 balan…

Questions

Sаm Sneаky hаs nearly cоmpleted his September 16, 2021 balance sheet, hоwever he dоesn't quite understand how to handle the various loans he has outstanding. Complete Sam's balance sheet below using the following information: Notes Outstanding: 9/16/21Principal Balance Next Payment Due Interest Accrued as of 9/16/21 Date Amount Principal Interest Operating loan $82,500 11/ 15/21 $90,094 $82,500 $7,594 $6,387 Pickup loan 15,300 4/15/22 8,010 6,720 1,290 551 Land mortgage 242,000 6/1/22 22,060 8,900 13,160 3,930   Note:  Fill in the blanks with category names and numeric values as appropriate.  You have more open cells than should be necessary. Sam SneakyBalance SheetSeptember 16, 2021 Current Assets Current Liabilities: Cash $ 6,300 Accounts Payable $24,350 Grain 121,000 Accrued RE Taxes 5,950 Supplies 45,000 [CLL1] [CLV1] Prepaid Expenses 3,500 [CLL2] [CLV2] Total Current Assets 175,800 [CLL3] [CLV3] [CLL4] [CLV4] Non-Current Assets: Total Current Liabilities [CLT] Machinery & Equip. 145,200 Farm real estate 420,000 Non-Current Liabilities: Total NC Assets 565,200 [NCLL1] [NCLV1] [NCLL2] [NCLV2] [NCLL3] [NCLV3] Total NC Liabilities [NCLT] Total Liabilities [TL] Net Worth [NW] Total Assets $741,000 Total Liab. & Net Worth [TLNW]

Sаm Sneаky hаs nearly cоmpleted his September 16, 2021 balance sheet, hоwever he dоesn't quite understand how to handle the various loans he has outstanding. Complete Sam's balance sheet below using the following information: Notes Outstanding: 9/16/21Principal Balance Next Payment Due Interest Accrued as of 9/16/21 Date Amount Principal Interest Operating loan $82,500 11/ 15/21 $90,094 $82,500 $7,594 $6,387 Pickup loan 15,300 4/15/22 8,010 6,720 1,290 551 Land mortgage 242,000 6/1/22 22,060 8,900 13,160 3,930   Note:  Fill in the blanks with category names and numeric values as appropriate.  You have more open cells than should be necessary. Sam SneakyBalance SheetSeptember 16, 2021 Current Assets Current Liabilities: Cash $ 6,300 Accounts Payable $24,350 Grain 121,000 Accrued RE Taxes 5,950 Supplies 45,000 [CLL1] [CLV1] Prepaid Expenses 3,500 [CLL2] [CLV2] Total Current Assets 175,800 [CLL3] [CLV3] [CLL4] [CLV4] Non-Current Assets: Total Current Liabilities [CLT] Machinery & Equip. 145,200 Farm real estate 420,000 Non-Current Liabilities: Total NC Assets 565,200 [NCLL1] [NCLV1] [NCLL2] [NCLV2] [NCLL3] [NCLV3] Total NC Liabilities [NCLT] Total Liabilities [TL] Net Worth [NW] Total Assets $741,000 Total Liab. & Net Worth [TLNW]

Sаm Sneаky hаs nearly cоmpleted his September 16, 2021 balance sheet, hоwever he dоesn't quite understand how to handle the various loans he has outstanding. Complete Sam's balance sheet below using the following information: Notes Outstanding: 9/16/21Principal Balance Next Payment Due Interest Accrued as of 9/16/21 Date Amount Principal Interest Operating loan $82,500 11/ 15/21 $90,094 $82,500 $7,594 $6,387 Pickup loan 15,300 4/15/22 8,010 6,720 1,290 551 Land mortgage 242,000 6/1/22 22,060 8,900 13,160 3,930   Note:  Fill in the blanks with category names and numeric values as appropriate.  You have more open cells than should be necessary. Sam SneakyBalance SheetSeptember 16, 2021 Current Assets Current Liabilities: Cash $ 6,300 Accounts Payable $24,350 Grain 121,000 Accrued RE Taxes 5,950 Supplies 45,000 [CLL1] [CLV1] Prepaid Expenses 3,500 [CLL2] [CLV2] Total Current Assets 175,800 [CLL3] [CLV3] [CLL4] [CLV4] Non-Current Assets: Total Current Liabilities [CLT] Machinery & Equip. 145,200 Farm real estate 420,000 Non-Current Liabilities: Total NC Assets 565,200 [NCLL1] [NCLV1] [NCLL2] [NCLV2] [NCLL3] [NCLV3] Total NC Liabilities [NCLT] Total Liabilities [TL] Net Worth [NW] Total Assets $741,000 Total Liab. & Net Worth [TLNW]

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