Bauer Partners started a new business on September $1,2021.$ That same day, Bauer Partners also received $$460,000$ of cash from issuing common stock and borrowed $$280,000$ from a friend. On September $1,2021$ Bauer Partners also purchased equipment for $$410,400.$ The equipment has a useful life of $108$ months. On September $1,2021,$ Bauer also paid $$93,600$ of cash to rent office space for a $24$ month period. During $2021,$ the Company provided services valued at $$29,600$ and had collected $$11,840$ of that amount at year$-$end. The company will collect the remaining portion in the following year.The company's payroll for $2021$ was $$13,400,$ which was paid in full during $2021.$ Use this information to find the company's balance of total assets as of $12/31/2021?$

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To find Bauer Partners balance of total assets as of 12312021 we need to account for all the transac... View the full answer