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i just want to know when it comes to F) in equipment, where does 16900$ come from? Also contributed capital is 41,500$ if you want
i just want to know when it comes to F) in equipment, where does 16900$ come from?
Lee Delivery Company was organized at the beginning of 2000. The following transactions occurred during 2000 (the company's first year of operations Received 341,500 cash from the organlarin exchange for shares in the new company Purchased and for $16.300 and egned a one-year not at a 6 percent anual interest rate) Bought housed delivery Bucks for operating purposes at the start of the year at a cost $10,800 sh.pold 35.300 cash and tired a promissory note for the balance, payable over the next three years laten a Sok one-fourth of the and for 5.075 to Be Moving, which promised to pay the month Pak 82.300 cash to a buck repot trop for area motor beror of the trucks Creed Increase the account you used to record the purchase of the trucks since the usefulness of the truck has been inceoved) Sharehole Jonah Lee paid $27.800 cash for vacant lot (and) for his personal use Collected to amount of the notes from Brine Moving in (d) Paid one-third of the principal of the note que for the delivery truck in ) Required: 1. Post the store transactions into the appropriate accounts, beginning balance is 50 for account Beg ba Cash 0 41 500 Bibal d Short-Term Notes Receivable 0 4,175 4,070 4015 3.300 6.300 2.300 2.000 OOOO Endal 29005 Endbal Eag bal La 0 56.300 Berbal C 4,075 ooo Equipment 0 21200 2.00 6.300 End. bal 92225 Endbal Bhort-Term Notes Puyabile 0 18.300 Begi Long-Term Notes Payabile 0 45.2000 2,650 O Beg bal 0 6.100 End bal 13.250 Endbal Contributed Cotal Also contributed capital is 41,500$ if you want to calculate balance.
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