Ch 11 prob1I need this excel spreadsheet completed following the instructions which are included in the folder attatched.
Water Feature Designers, Inc.
Common-Size Balance Sheet
December 31, 2017 and December 31, 2018
2018 Dollar Amount
2017 Dollar Amount
2018Percentage
2017 Percentage
Assets:
Cash
$ 428,000
$ 443,200
Notes Receivable (Short-Term)
18,700
23,200
Supplies
4,670
400
Land
51,400
51,400
Total Assets
502,770
518,200
Liabilities:
Accounts Payable
31,000
57,300
Owner’s Equity:
Arnold McBride, Capital
471,770
460,900
Total Liabilities & Owner’s Equity
502,770
518,200
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