Question

3 Balance sheet items for Nadew Travel Service were as follows at Dec. 31, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Accounts receivables 52,000 Notes payable 100,900 Building 54,800 Cash 37,200 Supplies 6,750 Equipment 48,500 Wages payable 5,800 Nadew, capital ? During the next four days, the following transactions occurred: Jan. 1 Nadew Travel Service received cash from cash customers for services completed, Br. 17,750. And 20% of the Notes payable were paid. Jan. 2 Nadew invested additional Br. 21,600 cash in the business. One half and one quarter of the land and the building were sold at cost, respectively. Jan. 3 received cash from customer on account, Br. 12,100. Jan. 4 purchased supplies for Br. 3,370 to be paid within 10 days. Required: Prepare a balance sheet at January 4, 2019

Answer 1

Answer

1, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Accounts receivables 52,000 Notes payable 100,900 Building 54,800

Explanation: