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Please help me make a T account to capture the transactions that occurred in November, and a balance sheet for the month. convert to Canadian
Please help me make a T account to capture the transactions that occurred in November, and a balance sheet for the month. convert to Canadian balance sheet and account and make a final balance sheet.
uses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing puzzled with this new challenge, yet flattered at the same time, and agree to take it on. Given: The newly purchased firm was bought on November 1. At inception the balance sheet accounts of the firm were as follows: Account Name Account Name $ Accounts Payable 85,000 Bonds Payable (Over 1 Year) 45,000 Accounts Receivable 67,000 Share Capital 936,200 Land 490,000 Furniture and Fixtures 15,000 Building 320,000 Wages Payable 55,000 Equipment 175,000 Bottle Processing Patent Fee's Payable 25,000 Cash 2,200 Taxes Payable 58,000 Notes Payable 60,000 Bottle Inventory 195,000 During the month of November the following transactions occurred: A Accounts receivable were collected in the amount of: $18,500 Wages due were paid out of cash in the amount of: $17,500 Equipment was purchased on credit for the amount of $177,500 This amount was due on delivery and was paid in cash: $2,600 D Land appraised for this amount: $560,000 A stakeholder, Bruce Wayne, provided the co with equipment and in return received in shares for this amount: $67,500 F Shares were retired for Bonds Payable for this amount: $302,500 The bonds payable are due Dec. 15, 2025 G Bottle processing patent fees for this amount $25,000 were completely paid out on credit H Old bottles for this amount were returned to the former $177,500 supplier for their cash value A bank loan was taken out for this amount: $67,500 The amount was kept in cash over the end of the month Focus Lo O w hp 410 prt sc num IkStep by Step Solution
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