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12. It is December 6,2022 . In many ways, Borat Corp. is an excellent company. However, the accountant for Borat Corp., Azamat Bagatov, was a
12. It is December 6,2022 . In many ways, Borat Corp. is an excellent company. However, the accountant for Borat Corp., Azamat Bagatov, was a little overeager to get the books done this year. He has already come up with the balance sheet for the year! Borat Corp. Balance Sheet Dec. 6,2022 Total Stockholder's Equity and Liability $120,000 Subsequent to Azamat Bagatov's balance sheet, the following transactions and events occur: 1. On December 10, 2,000 shares of stock are sold to investors for $10 per share. 2. On December 12, a new Note Payable for $10,000 is executed at the bank, providing $10,000 in cash. 3. On December 15, Equipment is purchased for $15,000 on account. No other transactions or adjustments occur. Provide the adjusted, correct non-classified balance sheet at the fiscal year end, Dec. 31, 2022
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