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Goldstar Communications was organized on December 1, 2012 and had the following account balances at December 31, listed in tabular form: Assets Liabilities accts Owner's

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Goldstar Communications was organized on December 1, 2012 and had the following account balances at December 31, listed in tabular form: Assets Liabilities accts Owner's Equity capital stock office equip. notes pay cash land building pay Bal. 37,000 95,000 125,000 51,250 28,250 80,000 200,000 Early in January the following transactions were carried out by Goldstar Communications 1 Sold capital stock to owners for 35000. 2 Purchased land and small office building for a total price of 90000, of which 35000 was the value of the land and 55000 was the value of building. Paid 22500 in cash and signed a note payable for the remaining 67500. 3 Bought several computer systems on credit for 9500. (30-day open account) 4 Obtained a loan from Capital Bank in the amout of 20000. Signed a note payable. 5 Paid the 28250 account payable due as of December 31. Required a List the December 31 balances of assets, liabilities, and owner's equity in tabular form as shown. bePrepare the company's balance sheet at January 31, 2012

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