Question
Khaled owns a sole proprietorship whose balance sheet is as follows:Assets: Fund 4000 Bank 5000 Goods 8000 Securities 2000 Furniture 6000 Total assets 25000 Obligations
Khaled owns a sole proprietorship whose balance sheet is as follows:Assets: Fund 4000 Bank 5000 Goods 8000 Securities 2000 Furniture 6000 Total assets 25000 Obligations and Equity;20,000 capital and 3500 creditors and Payment papers 1500 25000 total liabilities and equity On that date, Khaled agreed with Rami and Nasser to form a Tadamn company with a capital of 6,600,000 dinars equally distributed among them, provided that Khaled presents his individual project in exchange for his share in the companys capital and pays the difference a year after the companys establishment. And that Rami presents half of his share in merchandise, a quarter of his share in securities, and the rest by check, and that Nasser presents his share in the companys capital equally between the fund and the bank. Required: Preparing the balance sheet for the solidarity company after its establishment.
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