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Required information The following information applies to the questions displayed below. Nicole has decided that she is going to start her business, Nicole's Getaway Spa

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Required information The following information applies to the questions displayed below. Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30. a.Received $90,000 cash when issuing 9,000 new common shares Purchased some land by paying $4,500 cash and signing a note payable for $8,500 due in three years. C.Hired a new aesthetician for a salary of $2,000 a month, starting next month d.NGS purchased a company car for $28,000 cash (list price of $31,000) to assist in running errands for the business e.Bought and received $950 in supplies for the spa on credit f Paid $190 of the amount owed in (e). g Nicole sold 100 of her own personal shares to Raea Gooding for $500 Prepare a classified balance sheet at April 30 using the information given in the transactions. Include Retained Earnings with a zero balance. 3

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