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A Trial Balance for Dec 31, 2020, by starting with the Trial Balance for Oct 1, 2020, and posting the journal entries to the accounts

A Trial Balance for Dec 31, 2020, by starting with the Trial Balance for Oct 1, 2020, and posting the journal entries to the accounts for Q4 2020. The below information and numbers below will assist you with completing your Trial Balance for Dec 31, 2020. Husky Co. opened for operations on Oct. 1, 2020. Investors purchased 30,000 shares of $10 par common stock for $2,800,000. Management immediately used the funds to purchase $2,400,000 worth of manufacturing fixed assets and $200,000 worth of fixed assets to be used in administration. The following balance sheet was reflected on an opening day

Ref: Principles of Accounting, Volume 1: Financial Accounting, Chapter 3,

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