Question: What am I doing wrong here? Thank you for the help! CHIU VITILC pivuulis. VUVII, III., CHILOUILCI CU LIIC IVIIVITY CVCIILS UITY ILS III SL

What am I doing wrong here? Thank you for the help!

What am I doing wrong here? Thank you for the help! CHIU

CHIU VITILC pivuulis. VUVII, III., CHILOUILCI CU LIIC IVIIVITY CVCIILS UITY ILS III SL TRIVIILIT VI OPCIOLIVIIS. a. Received $41,000 cash from the investors who organized Down, Inc. b. Borrowed $20,000 cash and signed a note due in two years. c. Ordered equipment costing $23,000. d. Purchased $11,000 in equipment, paying $3,000 in cash and signing a six-month note for the balance. e. Received the equipment ordered in (C), paid for half of it, and put the rest on account. 3. Prepare a classified balance sheet at May 31. Include Retained Earnings with a balance of zero. Answer is not complete. DOWN.INC Balance Sheet Assets At May 31 Liabilities Current Liabilities 46.500 Accounts Payable Notes Payable (short-term) Current Assets Cash $ 11,500 8,000 Total Current Assets 46,500 Total Current Liabilities > 19.500 Equipment 34,000 Notes Payable (long-term) 20,000 39,500 Stockholders' Equity Common Stock Retained Earnings 41.000 0 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 41.000 80,500 Total Assets 80,500 $

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