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Using the following date prepare a proper balance sheet. Loans to various individuals $9000.00 Office equipment $3000.00 Cash deposited at Atlantic Bank $13000.00 Merchandise Inventory

Using the following date prepare a proper balance sheet. Loans to various individuals $9000.00 Office equipment $3000.00 Cash deposited at Atlantic Bank $13000.00 Merchandise Inventory $15000.00 Cash $300 Land $13000.00 Original Investment $30000.00 The amount owed to Atlantic Bank given the land as security $16000.00 Net Profit to date $2,300.00 Accounts payable for merchandise received from ABC company $5,000.00

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