Q1: Prepare Balance sheet of M/s. Meta Corporation as on Dec 31, 2021.

• Cash as on Jan 01, 2021$ 500,000
• Cash inflow during the year 2021 $ 250,000
• Accounts Receivable as on Dec 31, 2021$ 900,000
• Supplies as on Dec 31, 2021.$ 500,000
• Furniture as on Dec 31, 2021.$ 300,000
• Motor Vehicle as on Dec 31, 2021.$ 900,000
• Building as on Dec 31, 2021.$ 1,000,000
• Accounts Payable as on Dec 31, 2021.$ 700,000
• Accrued Expense Payable as on Dec 31, 2021.$ 450,000
• Prepaid Expenses as on Dec 31, 2021.$ 750,000
• Notes Receivable as on Dec 31, 2021.$ 350,000
• Notes Payable as on Dec 31, 2021.$ 550,000
• Capital as on Dec 31, 2021..$ 2,800,000
• Retained Earnings as on Dec 31, 2021...$ 950,000