# Please complete condensed balance sheet. The Cougar Hotel Condensed Balance Sheet December 31, 20X7 and 20x8...

###### Question:

The Cougar Hotel Condensed Balance Sheet December 31, 20X7 and 20x8 20x1 20x2 Changes Assets Current Assets Cash Accounts Receivable Inventory Prepaids Total Current Assets 305,124 522,417 199,000 52,000 1,078,541 159,000 456,377 247,000 49,000 911,377 0.85% 2.45% 1.33% 0.26% 4.89% Investments 1,000,000 1,000,000 5.37% Property and Equipment Land Building Equipment Accumulated Depreciation Net Property and Equipment 1,618,000 18,328,000 5,896,022 (8,118,000) 17,724,022 1,618,000 18,328,000 6,755,640 (9,987,560) 16,714,080 8.69% 98.40% 36.279 -53.62% 89.74% Total Assets 19,802,563 18,625,457 100.00% Liabilities & Owners' Equity Current Liabilities Accounts Payable Accrued Expenses Advanced Deposits Total Current Liabilities 325,699 507,353 200,561 1,033,613 338,790 308,765 250,970 898,525 1.82% 1.66% 1.35% 4.82% Mortgage Payable 5,734,700 5,249,800 28.19% Common Stock Retained Earnings 3,000,000 10,034,250 3,000,000 9,477,132 16.11% 50.88% Total Liabilities and Owners' Equity 19,802,563 18,625,457 100.00%

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