Question: Using the Assumptions provided below for, complete the Balance Sheet for the period ending December 31, 2020 35,000 Accounts Payable - 15,000 Accounts Receivables -
Using the Assumptions provided below for, complete the Balance Sheet for the period ending December 31, 2020
35,000 Accounts Payable - 15,000 Accounts Receivables - 30,000 Acquistion Premium
100,000 Building Annex, Furniture - 35,000 Building Loan - 5,000 Cash-on-hand
10,000 Commercial Paper - 10,000 Current week, Invoiced- 30,000 Government Grants
50,000 RE - 5,000 Income Tax - 20,000 Intellectual Property trademarks - 15,000 Interest payable outstanding debt
10,000 Licensing Fees - 30,000 Machinery, Computors - 3,000 Marketable Securities - 15,000 Net Surplus (upward)
100,000 Proceeds from Common Stock sale - 12,000 E-books, Manuscripts for sale
| (The balance sheet) | ||||
| Notes | 2020 | |||
| USD | ||||
| Assets | ||||
| Non-current assets | ||||
| $ - | ||||
| Current assets | ||||
| $ - | ||||
| Total assets | $ - | |||
| Equity and liabilities | ||||
| Equity | ||||
| Total equity | $ - | |||
| Non-current liabilities | ||||
| Current liabilities | ||||
| $ - | ||||
| Total liabilities | $ - | |||
| Total equity and liabilities | $ - | |||
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