Question: Question 1 The balance sheet items for the ELD Engineering Co. (arranged in alphabetical order) were as follows at April 17, 2020. Accounts Payable 33.000.000
Question 1 The balance sheet items for the ELD Engineering Co. (arranged in alphabetical order) were as follows at April 17, 2020. Accounts Payable 33.000.000 35,000.00 Equipment and Fixtures Accounts Receivable 24,200.00 + Land 250,000.00 Building Notes Payable 60.000.00 Capital Stock 500.000.000 Salaries Payable 45,700.00 Cash 764,100.00 Supplies 25,000.00 Computers & Laptops 12,000.00 Vehicles 50.000.000 During the next few days, the following transactions occurred: Apr.22 One of the company cars and two laptops are sold to make a 12.000 partial payment of salaries. The car is sold for for 10.000 and the the laptops are sold for 5.700 . Apr.24 Additional capital stock was sold to the shareholders for 30.000 . Therefore, Cash was received. The accounts payable were paid in full. (No payment was made on the notes payable or salaries payable.) Apr.25 Equipment was purchased at a cost of $6.000 to be paid within 30 days. Supplies were purchased for $1.000 cash from an online supply center. These supplies would have cost $2.000 if purchased through normal channels. Create a balance sheet
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