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Q1. Prepare Balance Sheet for the year ended 2008 (along additional information). Prepare notes to the financial statements of all the possible figures. You can

Q1. Prepare Balance Sheet for the year ended 2008 (along additional information). Prepare notes to the financial statements of all the possible figures. You can use only the figures given in the paper in order to prepare notes to the financial statements. Following is the information for Attock Cement limited. a. Cash = $45,000 b. Office supplies = $9,900 c. Marketable securities = $6,700 d. Stock in trade = $39,000 e. Short term loan = $34,000 f. Owners equity = $45,000 g. Long term loan = $40,000 h. Land = $90,000 i. Building = $50,000 j. Office equipment = $400 k. Salaries payable = $122,000

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