Question: The following accounts are taken from the records of Jasper Inc. at January 31, 2015, its first month of operations. Required: 1. Calculate the amount

The following accounts are taken from the records of Jasper Inc. at January 31, 2015, its first month of operations.

Required:
1. Calculate the amount of total assets.
2. Calculate the amount of total liabilities.
3. Calculate the amount of share capital.

Cash Accounts receivable Unused supplies Land Building Equipment Bank loan Accounts payable Share capital Net income Dividends $33,000 82,000 2,000 25,000 70,000 30,000 15,000 27,000 40,000 1,000

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