11. The new bakery firm sell shares for $150,000 (1), and buy equipment for $45,000 in cash (2) , buy a new inventory of raw materials for $20,000 on account (50% in cash and 50% on credit) (3), make a loan of $37,000 (4). The business generates $30,000 of sales, 50% collected in cash and 50% to be received in the next month (5).

Now, complete the accounting transactions on the table below following each one of the 5 steps indicated in this case. What is the final amount on Assets and Liabilities & Owners Equity? (4 points)

Assets

Liabilities / Owners Equity

Step	Cash	Account Receivables	Inventory	Equipment	Notes Payable	Account Payables	Common Stock	Revenues
(1)
(2)
(3)
(4)
(5)
Total