HiltonHilton is a realtor He organized his business as a corporation on JuneJune 16, 20192019 The business received $ 65 comma 000$65,000 cash from HiltonHilton and issued common stock Consider the following facts as of June 30 comma 2019 June 30, 2019 LOADING (Click the icon to view the facts )Read the requirements LOADING Requirement 1 Prepare the balance sheet of the real estate business of BrandonBrandon HiltonHilton Realtor, Inc , at JuneJune 3030, 20192019 (Do not classify the balance sheet into current and long term sections In the first part complete the assets section of the balance sheet In the second part complete the liabilities and stockholders' equity section of the balance sheet If a box is not used in the balance sheet leave the box empty do not select a label or enter a zero ) Brandon Hilton Realtor, Inc Balance Sheet June 30, 2019 Assets Cash 65000 Total assets Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear All Final Check More Info a HiltonHilton has $ 15 comma 000$15,000 in his personal bank account and $ 55 comma 000$55,000 in the business bank account b HiltonHilton owes $ 3 comma 400$3,400 on a personal charge account at a local department store c HiltonHilton acquired business furniture for $ 30 comma 000$30,000 on JuneJune 24 Of this amount, the business owes $ 16 comma 000$16,000 on accounts payable at JuneJune 3030 d Office supplies on hand at the real estate office total $ 8 comma 000$8,000 e HiltonHilton's business owes $ 112 comma 000$112,000 on a note payable for some land acquired for a total price of $ 165 comma 000$165,000 f HiltonHilton's business spent $ 20 comma 000$20,000 for a Realty UniverseRealty Universe franchise, which entitles him to represent himself as an agent Realty UniverseRealty Universe is a national affiliation of independent real estate agents This franchise is a business asset g HiltonHilton owes $ 182 comma 000$182,000 on a personal mortgage on his personal residence, which he acquired in 2014 for a total price of $ 334 comma 000$334,000

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HiltonHilton is a realtor. He organized his business as a corporation on JuneJune 16, 20192019. The business received $ 65 comma 000$65,000 cash from HiltonHilton

HiltonHilton

is a realtor. He organized his business as a corporation on

JuneJune

16,

20192019.

The business received

$ 65 comma 000$65,000

cash from

HiltonHilton

and issued common stock. Consider the following facts as of June 30 comma 2019.June 30, 2019.

(Click the icon to view the facts.)Read the requirements

.Requirement 1. Prepare the balance sheet of the real estate business of

BrandonBrandon

HiltonHilton

Realtor, Inc., at

JuneJune

3030,

20192019.

(Do not classify the balance sheet into current and long-term sections. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If a box is not used in the balance sheet leave the box empty; do not select a label or enter a zero.)

Brandon Hilton Realtor, Inc.
Balance Sheet
June 30, 2019

Assets

Cash

65000

Total assets

Choose from any list or enter any number in the input fields and then click Check Answer.

parts remaining

Clear All

Final Check

More Info

a.	HiltonHilton has $ 15 comma 000$15,000 in his personal bank account and $ 55 comma 000$55,000 in the business bank account.
b.	HiltonHilton owes $ 3 comma 400$3,400 on a personal charge account at a local department store.
c.	HiltonHilton acquired business furniture for $ 30 comma 000$30,000 on JuneJune 24. Of this amount, the business owes $ 16 comma 000$16,000 on accounts payable at JuneJune 3030.
d.	Office supplies on hand at the real estate office total $ 8 comma 000$8,000.
e.	HiltonHilton's business owes $ 112 comma 000$112,000 on a note payable for some land acquired for a total price of $ 165 comma 000$165,000.
f.	HiltonHilton's business spent $ 20 comma 000$20,000 for a Realty UniverseRealty Universe franchise, which entitles him to represent himself as an agent. Realty UniverseRealty Universe is a national affiliation of independent real estate agents. This franchise is a business asset.
g.	HiltonHilton owes $ 182 comma 000$182,000 on a personal mortgage on his personal residence, which he acquired in 2014 for a total price of $ 334 comma 000$334,000.