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9 Susan Huang began the practice of taw October 2020, with an initial investment of $20,300 in cash. She made no withdrawals during the month
9 Susan Huang began the practice of taw October 2020, with an initial investment of $20,300 in cash. She made no withdrawals during the month After completing the first month of practice the financial statements were prepared by Ryan Player the secretary bookkeeper Ms Huang had hired Ms. Huang almost burst out laughing when the taw them. She had completed a course in legal accounting in law school and knew the statements prepared by Player left much to be desired. Consequently, she asked you to revise the statements. The Player version is presented as follows: Sun Hye Balance Sheet October 11, 2020 Latituut 5,150 320,00 5,250 520 11 Porn Solis tale 510.30 th - Problems Savod Help Jack Tasker opened his Auto Repair Shop in November 2020. The balance sheet at November 30, 2020, prepared by an inexperienced part-time bookkeeper, is shown below. Tasker Auto Repair Shop Balance Sheet November 30, 2020 Assets Liabilities and Equity Cash $ 9,550 Parts and supplies $ 18,300 Accounts payable 40,600 Accounts receivable 49,300 Equipment 29,100 Mortgage payable 38,650 Jack Tasker, capital 27 e Total income $106,250 Total equities $106,250 Required: 9 Susan Huang began the practice of taw October 2020, with an initial investment of $20,300 in cash. She made no withdrawals during the month After completing the first month of practice the financial statements were prepared by Ryan Player the secretary bookkeeper Ms Huang had hired Ms. Huang almost burst out laughing when the taw them. She had completed a course in legal accounting in law school and knew the statements prepared by Player left much to be desired. Consequently, she asked you to revise the statements. The Player version is presented as follows: Sun Hye Balance Sheet October 11, 2020 Latituut 5,150 320,00 5,250 520 11 Porn Solis tale 510.30 th - Problems Savod Help Jack Tasker opened his Auto Repair Shop in November 2020. The balance sheet at November 30, 2020, prepared by an inexperienced part-time bookkeeper, is shown below. Tasker Auto Repair Shop Balance Sheet November 30, 2020 Assets Liabilities and Equity Cash $ 9,550 Parts and supplies $ 18,300 Accounts payable 40,600 Accounts receivable 49,300 Equipment 29,100 Mortgage payable 38,650 Jack Tasker, capital 27 e Total income $106,250 Total equities $106,250 Required
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