Question: Create a balance sheet based on the following information current assets: $300 noncurrent assets: $1,650 current liabilities: $140 noncurrent liabilities: $850 b. how would the

Create a balance sheet based on the following information

  • current assets: $300
  • noncurrent assets: $1,650
  • current liabilities: $140
  • noncurrent liabilities: $850

b. how would the balance sheet change if you bought $700 of machinery by taking $50 from your checking account and applying for a loan from a local bank for $650 and pay it back within the next year?

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