Please assist me in answering accounting problem P2-24 in the photos. Please include all steps and equations used on the spreadsheet in answering the questions to help me understand how to complete problems like this in the future. Instructions are also above each picture.

P2.24
Post the Six busines transactions using the spreadsheet method (this I have provided)
HINT: An appraisal of property, equipment, land, etc. has no immediate impact on the balance sheet accounts

Mayfair Company
	Beginning Balance 12/1/13	1	2	3	4	5	6	Totals
Assets
Cash	$ 10,000
Accounts Receivable	15,000
Inventory	3,000
Note Receivable	2,000
Machinery & Equip (net)	15,000
Building (net)	30,000
Land	40,000
Goodwill	8,000
Total Assets	$ 123,000
Liabilities
Accounts Payable	$ 10,000
Bank Loan	10,500
Notes payable	9,500
Total liabilities	$ 30,000
Shareholders equity
Common stock	$ 5,000
Additoional Paid in Capital (APIC)	76,000
Retained earnings	12,000
Total Shareholders Equity	$ 93,000

Create a properly formatted Balance Sheet as of December 1, 2013 from the spreadsheet information.
Mayfair Company
Balance Sheet
As of December 1, 2013
Assets
Current Assets
Cash
Accounts Receivable
Inventory
Note Receivable
Machinery & Equip (net)
Building (net)
Land
Goodwill
Total Assets
Liabilities
Accounts Payable
Bank Loan
Notes payable
Liabilities and Shareholder Equity
Common stock
Additional Paid in Capital (APIC)
Retained earnings
Total liabilities and Shareholder Equity