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Requirement 1. Prepare the balance sheet of the real estate business of Hudson Hacker Realtor, Inc., at November 30, 2019. (Do not classify the balance
Requirement 1. Prepare the balance sheet of the real estate business of Hudson Hacker Realtor, Inc., at November 30, 2019. (Do not classify the balance sheet into current and long-term sections. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If a box is not used in the balance sheet leave the box empty, do not select a label or enter a zero.) Hudson Hacker Realtor, Inc. Balance Sheet November 30, 2019 More Info Assets 7 Cash Furniture Land a. Hacker has $16,000 in his personal bank account and $51,000 in the business bank account. b. Hacker owes $8,000 on a personal charge account at a local department store. c. Hacker acquired business furniture for $26,200 on November 24. Of this amount, the business owes $6,000 on accounts payable at November 30. d. Office supplies on hand at the real estate office total $4,000. e. Hacker's business owes $119,000 on a note payable for some land acquired for a total price of $173,000. f. Hacker's business spent $23,000 for a Realty Group franchise, which entitles him to represent himself as an agent. Realty Group is a national affiliation of independent real estate agents. This franchise is a business asset. g. Hacker owes $158,000 on a personal mortgage on his personal residence, which he acquired in 2014 for a total price of $338,000. Total assets Print Done
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