Saturday
April 19, 2014

Homework Help: accounting

Posted by sue on Monday, November 30, 2009 at 9:54pm.

using the equation A=L+OE how would you balance this problem: You buy acompany for $200,000 - Assets are land $50,000, building $130,000, equip $20,000. Took 70,000 from personal bank account to invest in business. Made a down payment of $40,000 and deposited the rest in the business bank account. A long term loan was obtain for the balance purchase price. List how you would set up a balance sheet.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

healthcare fiancare - HINT: 6% X $1,000,000 {20% X ($1,000,000 (6% X $1,000,...
financial management - Using the following information, prepare a balance sheet ...
accounting - A company was recently formed with $ 50,000 cash contributed to the...
accounting - John wants to dissolve his business.His balance sheet shows assets ...
accounting - E15-7 Bennis Company has the following comparative balance sheet ...
financial accounting and reporting - january 01,2007 Mr.A started a business ...
Financial Accounting - Prepare the general journal entries for the following ...
Financial Accounting - 1. Post the following transactions of a ...
Accounting - A firm has $200,000 in total assets and $120,000 in owner's equity...
Math - 20,000 to the fifth power equals what? The problem would be 20,000 x 20,...

Search
Members