The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the...

 

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The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2023 and 2022: Cash Accounts receivable Office supplies Trucks Office equipment Land Building Accounts payable Notes payable December 31 2023 2022 $ 12,375 $ 29,250 13,175 16,250 2,650 3,250 47,000 47,000 93,500 89,000 42,500 110,000 21,750 72,500 4,750 During December 2023 the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $152,500. The business paid $80,000 in cash and a note payable was signed for the balance. LeClaire had to invest $19,500 cash in the business to enable it to pay the $80,000. The business earned a profit during 2023, which enabled LeClaire to withdraw $3,500 per month from the business for personal expenses. Required: 1-a. Prepare balance sheet for the business as of the end of 2022. The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2023 and 2022: Cash Accounts receivable Office supplies Trucks Office equipment Land Building Accounts payable Notes payable December 31 2023 2022 $ 12,375 $ 29,250 13,175 16,250 2,650 3,250 47,000 47,000 93,500 89,000 42,500 110,000 21,750 72,500 4,750 During December 2023 the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $152,500. The business paid $80,000 in cash and a note payable was signed for the balance. LeClaire had to invest $19,500 cash in the business to enable it to pay the $80,000. The business earned a profit during 2023, which enabled LeClaire to withdraw $3,500 per month from the business for personal expenses. Required: 1-a. Prepare balance sheet for the business as of the end of 2022.