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fill the balance sheet table On August 1. Bernhardt Manufacturing Company purchased equipment by issuing a $36,000 10%, 3-year note to Atlas Equipment The equipment

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On August 1. Bernhardt Manufacturing Company purchased equipment by issuing a $36,000 10%, 3-year note to Atlas Equipment The equipment has a 6-year life and a salvage value of $6,000. Bernhard follows a half-year convention regarding depreciation expense. If an asset is purchased in the first half of the year, a full-year's depreciation expense is recorded. If the asset is purchased in the second half of the year, no depreciation expense is recorded for that year. Complete the following tabular analysis after December 31 adjusting entries had been prepared: (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Common Stock Equipment Interest Payable Notes Payable Aug. 1 Dec. 31 Adj Bal

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