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During its first week of operations ending January 7, FastTrack Sports Inc. completed six transactions with the dollar effects indicated in the following sch Dollar

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During its first week of operations ending January 7, FastTrack Sports Inc. completed six transactions with the dollar effects indicated in the following sch Dollar Effect of Each of the Six 15,000 75,000 $(5,000) $(4,000) $ (9,500) Notes receivable (short-term) 4,000 Store fixtures Land 9,500 16,000 75,000 11,000 s 4,000 4,000 Notes payable (due in three months) Common stock (15,000 shares) 1,500 13,500 Additional paid-in Required: 2. Prepare a classified balance sheet for FastTrack Sports Inc. on January 7 FASTTRACK SPORTS INC. Balance Sheet

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