Listed below, in random order, all the items included in Lexy Ltd's balance sheet at December...
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Listed below, in random order, all the items included in Lexy Ltd's balance sheet at December 31 2022: Accumulated depreciation $ 950 Equipment $ 4,500 $12,000 Loan Payable Cash Land Zara, Capital Account payable Supplies Account Receivable $28,000 $18,000 $ 1,200 $ 4,200 Total liabilities and equity on December 31 2022, are $ 50,450 Required: Prepare a balance sheet for Lexy Ltd on December 31 2022. Insert the correct amount for "Cash" and for "Capital." (20 marks) F Listed below, in random order, all the items included in Lexy Ltd's balance sheet at December 31 2022: Accumulated depreciation $ 950 Equipment $ 4,500 $12,000 Loan Payable Cash Land Zara, Capital Account payable Supplies Account Receivable $28,000 $18,000 $ 1,200 $ 4,200 Total liabilities and equity on December 31 2022, are $ 50,450 Required: Prepare a balance sheet for Lexy Ltd on December 31 2022. Insert the correct amount for "Cash" and for "Capital." (20 marks) F
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Calculate the total assets by summing up all the given asset values 28000 Land 4500 Equipment 1200 S... View the full answer
Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
Posted Date:
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