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urgent please thank you Whistle Stop Incorporated is a Small manufacturing company that makes modet trains to sell to toy Stores. tt has a small
urgent please thank you
Whistle Stop Incorporated is a Small manufacturing company that makes modet trains to sell to toy Stores. tt has a small service department that repairs customers' model trains for a fee. The Company has been in business for five years, At the end Of the previous year. the accounting records reflected total assets ot S500.OOO and total liabilities of $200.000_ During the current year. the following summarized everts occurred: a. Issued additional shares for $100,000 cash. b. aorrowed $120,000 Cash from the bank and signed a tenyear note. c. Built an addition on the factory for $200,000 and paid cash to the contractor. d. purchased equipment for the new addition for S30.OOO. paying $3,000 in cash and signing a note due in six months for the balance, e. Returned a $3,000 piece 01 equipment. from because it proved to be defective; received a reduction of the note payable. Purchased a delivery truck (equipment) for $10.000: paid SS.OOO cash and signed a nine-month note for the remainder. g. A shareholder sold SSOOO worth Of his shares in Whistle Stop Incorporated to his neighbour. 1. Complete the spreadsheet given below. for increases and decreased in each account. The first transaction is used as an example. (Enter any decreases to account balances with a minus sign.) 1 oo,coo 1 coooo Cont" but .d m.coo 'nooo Rotalnd
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