Paid-in capital: 189000
Notes payable: 21000
Cash: 22000
Accounts payable: 16000
Merchandise inventory: 29000
Machinery and equipment: 20000
Furniture and fixtures: 8000
Land: 41000
Building: 230000
Long-term debt payable: 124000
On the following day, November 30, these transactions and events ocurred:
These transactions and events ocurred:
1. Purchased machinery for $13000, paying $3000 in cash and signing a 90-day note for the balance.
2. Paid $6000 on accounts payable.
3. Sold some land that was not needed for cash of $6000, which was the company's acquisition cost of the land.
4. The remaining land was valued at $240000 by professional appraisers.
5. Issued capital stock as payment for $23000 of the long-term debt, that is, debt due beyond 1 year.
Prepare a balance sheet.
You can find attached the balance template where I need the balance in case it helps, but what I mainly want to know is which account moves and how (increases or decreases) in every 1-5 steps.
In the case of Assets, I cannot use more than 7 accounts, and in the case of Liabilities and owner's assets, I cannot use more than four.
Extracted text: Autoguardado O ABC A Excel_accounting_2-2 Inicio Insertar Dibujar Disposición de página Fórmulas Datos Revisar Vista ¿Qué desea? 2 Compartir Comentarios E Insertar v Σ Ex Eliminar v O v A v • % 9 Estilos condicional como tabla de celda Dar formato Pegar ,00 ,00 0 N K Formato Ordenar Buscar y Ideas Sensibilidad Formato v y filtrar seleccionar C7 v fx A В C D E F G H K L M P Q R S 2 Transactions Excel Accounting template 2 3 4 Assets Liablities and Owners Equity 6. Date Description Account 1 Account 2 Асcount 3 Account 4 Account 5 Account 6 Account 7 Account 1 Account 2 Account 3 Account 4 Check 7 Open. Bal 1 8. 2 = 9. 3 10 4 %3D 11 12 6. 13 7 14 8 15 9. 16 10 = 17 11 18 12 = 19 13 20 14 21 15 22 23 Bal Bal 24 25 Total Total 26 27 СOMPANY 28 29 Balance sheet 30 Date 31 32 Assets Liabilities nd Stockholders Equity 33 34 35 36 37 Total liabilities 38 Stockholders equity: 39 40 41 42 43 Total Total A Sheet1 Sheet2 Sheet3 + + 100 % II