Friday
September 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 ...
financial accounting and reporting - january 01,2007 Mr.A started a business ...
Accounts - From the following Balance Sheets of Sriramco, prepare (a) Statement ...
personal finances - A family with $45,000 in assets and $22,000 of liabilities ...
accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...
Accounting - O' Hara Company began operations on December 1, 2011. Presented ...
accounting - John wants to dissolve his business.His balance sheet shows assets ...
Math - Would 72,060,964,765 look like the following in it's expanded form? 7X 10...
accounting - E15-7 Bennis Company has the following comparative balance sheet ...

Search
Members