I need this information created on a balance sheet. You make a personal investment in your company of $5,000 in exchange for 1,000 shares of stock.You purchase a fixed asset, whatever makes sense for your company, (for example, a new laptop for a service business or a bicycle for a bike messenger business) for $1,000. You borrow $10,000 from a local bank for operating expenses.You sell your product or service on account for $250 to a customer. Your customer pays $125 towards the amount that you billed above. You purchase office supplies on account for $300.

I need this information created on a balance sheet. You make a personal investment in your company of $5,000 in exchange for 1,000 shares of stock.You purchase a fixed asset, whatever makes sense for your company, (for example, a new laptop for a service business or a bicycle for a bike messenger business) for $1,000. You borrow $10,000 from a local bank for operating expenses.You sell your product or service on account for $250 to a customer. Your customer pays $125 towards the amount that you billed above. You purchase office supplies on account for $300.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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