1.Purchased merchandise on account, 1,000 dolar

2.Sold at cost for 5,000 dolar cash some furniture that was not needed

3.Issued additional capital stock for machinery and equipment valued at 9,000 dolar

4.Purchased land for 35,000 dolar, of which 5,000 dolar was paid in cash, the remaining being represented by a 5-year note (long-term debt)

5.The building was valued by professional appraisers at 50,000 dolar

Homework: HW1 Chapter 1 and Chapter 2 Question 1, E1-31 (simil... Part 1 of 12 HW Score: 0%, 0 of 77 points O Points: 0 of 15 Savi Riker Corporation's balance sheet at March 30, 20X1, contained only the following items (arranged here in random order) B!! (Click the icon to view the items.) On March 31, 20X1, these transactions and events took place: (Click the icon to view the transactions and events.) Requirement 1. Prepare in good form a balance sheet for March 31, 20X1, showing supporting computations for all new amounts. To begin, for each account, determine its ending balance by showing which, if any, of the transactions from March 31 affect the balance. (Leave unused cells blank. Use a minus sign or parentheses to show a decrease in an account.) Determine the ending cash balance Cash at March 30, 20X1 $ 20.000 Cash at March 31, 20X1 events took place: and events.) March 31, - Data table Cash ding baland Accounts payable $ $ 20,000 7,000 4,000 11,000 nk. U Furniture and fixtures Notes payable Merchandise inventory Paid-in capital 9,000 60,000 Long-term debt 145,000 Building 17,000 Machinery and equipment 45,000 Land 12,000 Print Done