posted by sue .
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.