che then OM O Requirement 1. Prowood communaut Theme Li | | | | | -X More info + 11000 March 2013 Death 2011 NewsMar 21 110.000 1.000.000 ya 000 Point Done NO March 201 Data table Cash CA $ Notes payable Merchandise inventory Paid-in capital $ 11,000 Accounts payable 6,000 Furniture and fixtures 39,000 Long-term debt 139,000 Building 16,000 Machinery and equipment 6,000 7,000 9,000 70,000 17,000 Land Print Done Determine the ending cash balance $ Cash at March 30, 20X1 Sale of furniture for cash 11,000 5,000 Purchase of land for cash and debt (5,000) $ Cash at March 31, 20X1 11,000 Determine the Note payable balance at March 31, 20X1. Notes payable at March 30, 20X1 $ 6,000 Notes payable at March 31, 20X1 1. Prepare in good communice hotch 31 20town.com To begin borch.com by contract Duantities More info 1. Purchased merchandise on account, $3,000 2. Sold at cost for $5,000 cash some furniture that was not needed 3. Issued additional capital stock for machinery and equipment valued at $14,000 4. Purchased land for $15,000, of which $5,000 was paid in cash, the remaining being represented by a 5-year note (long-term debt) 5. The building was valued by professional appraisers at $105,000 o Print Done Data table - or parentheses to show a decrea 6,000 Cash Notes payable Merchandise inventory Paid-in capital Land $ 11,000 Accounts payable 6,000 Furniture and fixtures 39,000 Long-term debt 139,000 Building 16,000 Machinery and equipment 7,000 9,000 70,000 17,000 Print Done