3. Michael Travis, the owner of Travis and Company located in Moncton, New Brunswick, gave the...

 

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3. Michael Travis, the owner of Travis and Company located in Moncton, New Brunswick, gave the following list of assets and liabilities to a public accountant and asked him to prepare a balance sheet as of March 31, 20-. Prepare the balance sheet as if you were the public accountant. Amounts owed to Travis and Company -G. Fordham -W. Gaines -D. Samuelson Amounts owed by Travis and Company to suppliers -Beacon Company -Gem Finance -General Supply -Raymond and Company Office Supplies Cash Office Equipment Delivery Equipment Bank Loan Mortgage Payable Building Land $1042.16 743.86 1 346.95 I 567.25 I 236.45 15 540.00 125.00 326.40 4 946.03 11 960.00 14 240.00 25 000.00 92 000.00 135 000.00 146 000.00 3. Michael Travis, the owner of Travis and Company located in Moncton, New Brunswick, gave the following list of assets and liabilities to a public accountant and asked him to prepare a balance sheet as of March 31, 20-. Prepare the balance sheet as if you were the public accountant. Amounts owed to Travis and Company -G. Fordham -W. Gaines -D. Samuelson Amounts owed by Travis and Company to suppliers -Beacon Company -Gem Finance -General Supply -Raymond and Company Office Supplies Cash Office Equipment Delivery Equipment Bank Loan Mortgage Payable Building Land $1042.16 743.86 1 346.95 I 567.25 I 236.45 15 540.00 125.00 326.40 4 946.03 11 960.00 14 240.00 25 000.00 92 000.00 135 000.00 146 000.00

Answer rating: 100% (QA)

The image youve provided is asking for a balance sheet preparation for a company named Travis and Company as of March 31st A balance sheet is a financ... View the full answer