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3. Michael Travis, the owner of Travis and Company located in Moncton, New Brunswick, gave the following list of assets and liabilities to a

 
3. Michael Travis, the owner of Travis and Company located in Moncton, New Brunswick, gave the following list

3. Michael Travis, the owner of Travis and Company located in Moncton, New Brunswick, gave the following list of assets and liabilities to a public accountant and asked him to prepare a balance sheet as of March 31, 20-. Prepare the balance sheet as if you were the public accountant. Amounts owed to Travis and Company -G. Fordham -W. Gaines -D. Samuelson Amounts owed by Travis and Company to suppliers -Beacon Company -Gem Finance -General Supply -Raymond and Company Office Supplies Cash Office Equipment Delivery Equipment Bank Loan Mortgage Payable Building Land $1042.16 743.86 1 346.95 I 567.25 I 236.45 15 540.00 125.00 326.40 4 946.03 11 960.00 14 240.00 25 000.00 92 000.00 135 000.00 146 000.00

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