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The following table is the XML company balance sheet at March 29, 2018 contained only the following items (arranged here randomly). Paid-in capital Rs189000 Machinery
The following table is the XML company balance sheet at March 29, 2018 contained only the following items (arranged here randomly). Paid-in capital Rs189000 Machinery and equipment 20000 Notes payable 21000 Furniture and fixture 8000 Cash 22000 Land 41000 Account payable 16000 Building 230000 Merchandise inventory 29000 Long term debt payable 124000 On the following day, March 30, these transactions and events occurred. 1. Purchased machinery and equipment for Rs13000. paying Rs3000 in cash and the remaining by signing a 90-day note for the balance. 2. Paid Rs6000 on accounts payable 3. Sold some land that was not needed for cash Rs6000, which was the company's acquisition cost of the land. The remaining land was valued at Rs240000 by professional appraisers 5. Issued capital stock as payment for Rs23000 of the long-term debt. You are required to prepare the company's balance sheet on March 30, 2018 after considering the above transactions. ***********
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