initial capital invested. Balance Sheet Accounts Cash Machinery Accumulated Depreciation Accounts Payable 130,000 Lee Capital Max...

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initial capital invested. Balance Sheet Accounts Cash Machinery Accumulated Depreciation Accounts Payable 130,000 Lee Capital Max Capital Jan Capital Amount Initial Investment Ratio 80,000 600,000 150,000 75,000 200,000 125,000 Required: By arranging the balance sheet accounts horizontally as columns, indicate the balance in each of the balance sheet accounts after the following events: 1) Sale of the machinery (20 marks) 2) Payment of liabilities (2 marks) 3) Distribution of remaining cash (12 marks) 145 initial capital invested. Balance Sheet Accounts Cash Machinery Accumulated Depreciation Accounts Payable 130,000 Lee Capital Max Capital Jan Capital Amount Initial Investment Ratio 80,000 600,000 150,000 75,000 200,000 125,000 Required: By arranging the balance sheet accounts horizontally as columns, indicate the balance in each of the balance sheet accounts after the following events: 1) Sale of the machinery (20 marks) 2) Payment of liabilities (2 marks) 3) Distribution of remaining cash (12 marks) 145

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