Directions Create a balance sheet with the following information, Include formulas to calculate the totals, and make formatting
changes to make it easy to read. Save and print
Balance Sheet for Flowers Galore
September 1, 2008
Assets
Cash 6,414
Receivables 2,662
Inventory 3.191
Prepaid expenses 2,557
Total Current Assets
Liabilities and Equities
Liabilities
Bank loan 31,500
Accounts payable 2000
Total Liabilities
Property and Equipment Owner's Equity
Land 16,643
Capital 32,607
Buildings 56,163
Retained earnings 24,273
Equipment 2,750
Total Property and Equipment Total Equity
Total Assets
Total Liability and Equity

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?