Jack Tasker opened his Auto Repair Shop in November 2020. The balance sheet at November 30, 2020,
Question:
Jack Tasker opened his Auto Repair Shop in November 2020. The balance sheet at November 30, 2020, prepared by an inexperienced part-time bookkeeper, is shown below.
Required
Prepare a correct balance sheet.
Transcribed Image Text:
Tasker Auto Repair Shop Balance Sheet November 30, 2020 Liabilities and Equity $ 6,300 Parts and supplies. 34,650 Accounts receivable. 22,050 Mortgage payable. Assets $14,175 Cash Accounts payable.. 47,250 28,350 Equipment. Jack Tasker, capital.. 26,775 $89,775 Total equities. $89,775 Total income
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Related Book For
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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