2. The New Western Company in Fort Frances, Ontario, owned by Guy Albrecht, had the following assets and liabilities on March 31

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2 years ago

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2. The New Western Company in Fort Frances, Ontario, owned by Guy Albrecht, had the following assets and liabilities on March 31

, 20-. Prepare a balance sheet for the company as of that date. Bank Tasty Beverages (debtor) Food Haven (debtor) Metro Mall (debtor) Supplies Furniture and Equipment Trucks Land Building Household Finance Company (creditor) General Trading Company (creditor) Lightning Electronics (creditor) Bank Loan Mortgage Payable $ 1896 750 400 1 235 850 75 840 35 000 50 000 140 000 19 345 2 356 3 378 10 000 75 000 2. The New Western Company in Fort Frances , Ontario , owned by Guy Albrecht , had the following assets and liabilities on March 31 , 20- . Prepare a balance sheet for the company as of that date . Bank Tasty Beverages ( debtor ) Food Haven ( debtor ) Metro Mall ( debtor ) Supplies Furniture and Equipment Trucks Land Building Household Finance Company ( creditor ) General Trading Company ( creditor ) Lightning Electronics ( creditor ) Bank Loan Mortgage Payable $ 1896 750 400 1 235 850 75 840 35 000 50 000 140 000 19 345 2 356 3 378 10 000 75 000

Business

1 answer:

Reil [10] · Answer 1 · 2023-04-06T15:45:48+03:00

The working capital from the balance sheet of New Western Company equals $205,892.

<h3>What is the Balance sheet of New Western Company?</h3>

New Western Company

Balance sheet as of that date

Non current assets

Furniture and Equipment 75,840

Trucks 35,000

Land 50,000

Building 140,000

TOTAL $300,840

Current assets

Debtors (750+400+1,235) 2,385

Bank 1,896

Suppliers 850

TOTAL $5,131

TOTAL ASSET $305,971

Current Liabilites

Creditor (9345+2356+3378) 15,079

Bank loan 10,000

Mortgage payable 75,000

Total $100,079

Working Capital $205,892