Jack Tasker opened his Auto Repair Shop in November 2023. The balance sheet at November 30, 2023,
Question:
Jack Tasker opened his Auto Repair Shop in November 2023. The balance sheet at November 30, 2023, 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, 2023 Assets Cash Accounts payable Equipment Jack Tasker, capital Total income Liabilities and Equity $ 6,300 Parts and supplies 34,650 Accounts receivable 22,050 Mortgage payable 26,775 $89,775 Total equities $14,175 47,250 28,350 $89,775
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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