2. During the first month, the records of the company were inadequate. You were asked to prepare a summary of the preceding transactions, To develop a quick assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction (a) is shown as an example. 4. Based on the completed spreadsheet, compute total assets, total liabilities, total stockholders' equity, Cash balance, and total current assets at the end of the month. 5. As of January 31, has the financing for ABT's investment in assets primarily come from liabilities or stockholders' equity? Complete this question by entering your answers in the tabs below. During the first month, the records of the company were inadequate. You were asked to prepare a summary of the preceding transactions. To develop quick assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction (a) is shown as an example. (Enter any decrea account balances with a minus sign.) Ag Bio Tech (ABT) was organized on January 1 by four friends. Each organizer invested $10,000 in the company and, in turn, was issued 8,000 shares of common stock. To date, they are the only stockholders. During the first month (January), the company had the following five events: a. Collected a total of $40,000 from the organizers and, in turn, issued common stock: b. Purchased a building for $65,000, equipment for $16,000, and three acres of land for $18,000; paid $13,000 in cash and signed a note for the balance, which is due to be paid in 15 years. c. One stockholder reported to the company that 500 shares of his ABT stock had been sold and transferred to another stockholder for $5,000 cash. d. Purchased supplies for $3,000 cash. e. Sold one acre of land for $6,000 cash to another company. Required: 2. During the first month, the records of the company were inadequate. You were asked to prepare a summary of the preceding transactions. To develop a quick assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction (a) is shown as an example. 4. Based on the completed spreadsheet, compute total assets, total liabilities, total stockholders" equity, Cash balance, and total current assets at the end of the month. 5. As of January 31, has the financing for ABT's investment in assets primarily come from liabilities or stockholders' equity? Complete this question by entering your answers in the tabs below. Based on the completed spreadsheet, compute total assets, total liabilities, total stockholders' equity, Cash balance, and total current assets at the end of the month. During the month of July, the company had the following activities: a. Issued 4,000 shares of common stock for $400,000 cash. b. Borrowed $100,000 cash from a local bank, payable in two years. c. Bought a building for $182,000; paid $82,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $200,000. e. Purchased supplies for $30,000 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances v a minus sign.) Ag Bio Tech (ABT) was organized on January 1 by four friends. Each organizer invested $10,000 in the company and, in turn, was issued 8,000 shares of common stock. To date, they are the only stockholders. During the first month (January). the company had the following flve events: a. Collected a total of $40,000 from the organizers and, in turn, issued common stock. b. Purchased a buliding for $65,000, equipment for $16,000, and three acres of land for $18,000, paid $13,000 in cash and signed a note for the balance, which is due to be paid in 15 years. c. One stockholder reported to the company that 500 shares of his ABT stock had been sold and transferred to another stockholder for $5,000 cash. d. Purchased supplies for $3,000cash e. Sold one acre of land for $6,000 cash to another company. Required: 2. During the first month, the records of the company were inadequate. You were asked to prepare a summary of the preceding transactions. To develop a quick assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction (a) is shown as an example. 4. Based on the completed spreadsheet, compute total assets, total liabilities, total stockholders' equity, Cash balance, and total current assets at the end of the month. 5. As of January 31 , has the financing for ABT's investment in assets primarily come from llabilities or stockholders' equity? Complete this question by entering your answers in the tabs below. As of January 31, has the financing for ABT's investment in assets primarily come from liabilities or stockholders' equity? Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30 : During the month of July, the company had the following activities: a. Issued 4,000 shares of common stock for $400,000 cash. b. Borrowed $100,000 cash from a local bank, payable in two years. c. Bought a building for $182,000; paid $82,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $200,000. e. Purchased supplies for $30,000 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Ag Bio Tech (ABT) was organized on January 1 by four friends, Each organizer invested $10,000 in the company and, in turn, was issued 8,000 shares of common stock. To date, they are the only stockholders. During the first month (January). the company had the following five events a. Collected a total of $40,000 from the organizers and, in turn, issued common stock. b. Purchased a building for $65,000, equipment for $16,000, and three acres of land for $18,000; paid $13,000 in cash and signed a note for the balance, which is due to be paid in 15 years. c. One stockhoider reported to the company that 500 shares of his ABT stock had been sold and transferred to another stockholder for $5,000 cash. d. Purchased supplies for $3,000 cash e. Sold one acre of land for $6,000 cash to another company. Required: 2. During the first month, the records of the company were inadequate. You were asked to prepare a summary of the preceding transactions. To develop a quick assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction () is shown as on example. 4. Based on the completed spreadsheet, compute total assets, total liabilities, total stockhoiders' equity, Cash balance, and total current assets at the end of the month. 5. As of January 31 , has the financing for ABT's investment in assets primarily come from liabilities or stockholders' equity? Complete this question by entering your answers in the tabs below. During the first month, the records of the company were inadequate. You were asked to prepare a summary of the preceding transactions: To develop a quick assessment of their economic effects on ABT, complete the spreadsheet that follows. Transaction (a) is shown as an example. (Enter any docreases to eccount batances with a minus sign.)