Homework: Chapter 1 Homework Save Score: 0 of 1 pt 3of5G complete) Hw Score: 33.33%, 1.67 of 5 pts P1-66B (similar to) Question Help * Marcus Alvarado is a realtor. He organized the business as a corporation on July 16, 2017. The business received $70,000 cash from Alvarado and issued common stock. Consider the following facts as of July 31, 2017 (Click the icon to view the facts.) 1. Prepare the balance sheet of the real estate business of Marcus Alvarado Realtor, Inc., at July 31, 2017. Requirements 2. Does it appear that the realty business can pay its debts? How can you tel? 3. Identirhy the personal items given in the preceding facts that should not be reported on the balance sheet of the business Requirement 1. Prepare the balance sheet of the real estate business of Marcus Alvarado Realtor, Inc, at July 31, 2017. (Do not classity the balance sheot into g Ba current and long-term sections. If a box is not used in the balance sheet leave the box empty; do not select a label or enter a zero.) 017 Marcus Alvarado Realtor, Inc. Balance Sheet July 31, 2017 nd Cre Accou oeping nting Eq unting Pri ancial Aceo justing Ent nancial Statemonts Balance Sheet Assets Scr 017-0 Choose from any list or enter any number in the input fields and then click Check Answer. Scree 2017-00 Final Check Clear All 3 partaining- hems are not reported among the assets appearing on the balance sheet Homework: Chapter 1 Homework Save Score: 0 of 1 pt 3of5G complete) Hw Score: 33.33%, 1.67 of 5 pts P1-66B (similar to) Question Help * Marcus Alvarado is a realtor. He organized the business as a corporation on July 16, 2017. The business received $70,000 cash from Alvarado and issued common stock. Consider the following facts as of July 31, 2017 (Click the icon to view the facts.) 1. Prepare the balance sheet of the real estate business of Marcus Alvarado Realtor, Inc., at July 31, 2017. Requirements 2. Does it appear that the realty business can pay its debts? How can you tel? 3. Identirhy the personal items given in the preceding facts that should not be reported on the balance sheet of the business Requirement 1. Prepare the balance sheet of the real estate business of Marcus Alvarado Realtor, Inc, at July 31, 2017. (Do not classity the balance sheot into g Ba current and long-term sections. If a box is not used in the balance sheet leave the box empty; do not select a label or enter a zero.) 017 Marcus Alvarado Realtor, Inc. Balance Sheet July 31, 2017 nd Cre Accou oeping nting Eq unting Pri ancial Aceo justing Ent nancial Statemonts Balance Sheet Assets Scr 017-0 Choose from any list or enter any number in the input fields and then click Check Answer. Scree 2017-00 Final Check Clear All 3 partaining- hems are not reported among the assets appearing on the balance sheet