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ASSETS LIABILITIES NET ASSETS Donation Cash Asset Med Equip. Asset Liability Payroll TOTAL ASSETS Transaction A. A donation of $25,000 was received....Trans B. New Med
ASSETS | LIABILITIES | NET ASSETS | |
Donation Cash Asset | |||
Med Equip. Asset Liability | |||
Payroll | |||
TOTAL ASSETS |
Transaction A. A donation of $25,000 was received....Trans B. New Med Equipment was purchased as (an asset) for $10,000 and will pay for it in 90 days, creating a liability.....Trans C. Payroll was distributed resulting in a decrease in the amount of $2,000.
Using Accounting Equation Assets=Liabilities + Net Assets
What are the balance sheet totals after these transactions, assuming the society had a beginning balance of $0 / PLEASE SHOW what figures go in each row if necessary.
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