Ag Bio Tech $($ABT$)$ was organized on January $1$ by four friends. Each organizer invested $$14,375$ in the company and, in turn, was

issued $11,500$ shares of common stock. To date, they are the only stockholders. During the first month $($January$),$ the company had the

following five events:

a$.$ Collected a total of $$57,500$ from the organizers and, in turn, issued common stock.

b$.$ Purchased a building for $$78,750,$ equipment for $$29,250,$ and three acres of land for $$22,500$; paid $$22,500$ in cash and signed a

note for the balance, which is due to be paid in $15$ years.

c$.$ One stockholder reported to the company that $950$ shares of his ABT stock had been sold and transferred to another stockholder

for $$9,500$ cash.

d$.$ Purchased supplies for $$4,700$ cash.

e$.$ Sold one acre of land for $$7,500$ cash to another company.

Required:

During the first month, the records of the company were inadequate. You were asked to prepare a summary of the preceding

transactions. To develop a quick assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction

$($a$)$ is shown as an example. If an event is not considered a transaction, leave the account, amount and direction of effects blank.

Based on the completed spreadsheet, compute total assets, total liabilities, total stockholders' equity, Cash balance, and total

current assets at the end of the month.

As of January $31,$ has the financing for ABT's investment in assets primarily come from liabilities or stockholders' equity?

Complete this question by entering your answers in the tabs below.

Required $2$

Required $4$

Required $5$

During the first month, the records of the company were inadequate. You were asked to prepare a summary of the preceding transactions. To develop a quick

assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction $($a$)$ is shown as an example. If an event is not considered a

transaction, leave the account, amount and direction of effects blank.

Note: Enter any decreases to account balances with a minus sign.