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Francois Boudreau has just purchased a crafts shop in Chicoutimi, Quebec. She believes that she knowns enough about accounting to prepare her first balance sheet,

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Francois Boudreau has just purchased a crafts shop in Chicoutimi, Quebec. She believes that she knowns enough about accounting to prepare her first balance sheet, as illustrated below, before starting business on May 1, 2020. FRANOISE BOUDREAU BALANCE SHEET MAY 1, 20 500 4 500 Liabities Mortgage on House Bank Loan $ Assets Supplies Cash Bulding Less: Mortgage Ofice Equipment Delivery Equipment Household Fumiture 6 000 3 000 9 000 $ $ 5 $ 30 000 12000 $ $ $ $ 5 18 000 10 000 5000 3 000 27000 Owner's Equity Boudreau Crats 32000 41 000 List 5 errors found on Francoise's balance sheet

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