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Question #3 Prepare a Balance Sheet as of May 31 of this year, for Acme Company.Urgent needed please help Wanda, the owner invests $40,000 into
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Question #3 Prepare a Balance Sheet as of May 31 of this year, for Acme Company.Urgent needed please help
- Wanda, the owner invests $40,000 into her business Acme Company
- Purchases equipment on credit for $10,000
- Does work for a customer and immediately receives $3000
- Does work for another customer for $4000 and sends them a bill
- Purchases office supplies for $1500
- Receives payment of $2,500 from customer in #4 above
- Pays assistant $1,000
- Pays rent of $1,200
- Pays $4,000 towards equipment purchased in #2
- Takes out $200.
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