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Construct a balance sheet for gerorge

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Reference no: EM132814987

George's pizzaeria has the following infromation as of december 31st, 2008:

cash, 2000; pizza ovens, 25000; furniture, 12500; accounts payable, 3500;notes payable, 12500; accumlated depreciation, 10000; wages payable, 1500;taxes payable 2500; and equipment loan 18000.

Problem 1: Construct a balance sheet for gerorge. do you think he has a problem with his current balance sheet? if so, what is it?

Reference no: EM132814987

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