Need a balance sheet and a financial statement. Assets are buildings worth $1,414,129 with accumulated depreciation of
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Need a balance sheet and a financial statement.
Assets are buildings worth $1,414,129 with accumulated depreciation of $71,060 at 12/31/08 and land worth 150,000. Plus new building bought 6/22/09 worth $525,000. The rental income at 11/20/09 is $149,251 year to date. The mortgage balance to date is $1,775,717.71. The interest paid to date is $77,807.71. The partners’ capital account was $140,654 at 12/31/08.
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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