Book1 - Liabilities + Shearholder Equity-$156,000,000.00...

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Apr 30 ,2008 Account payble ………………………………………………………………… - 12,000,000                       Cash  ………………………………………………………………… - 12,000,000 Assets = Liabilities + Shearholder Equity -$12,000,000.00 -$12,000,000.00 May 30 ,2008 Account payble ………………………………………………………………… - 12,000,000                       Cash  ………………………………………………………………… - 12,000,000 Assets = Liabilities + Shearholder Equity -$12,000,000.00 -$12,000,000.00 Jul 31 ,2008 Prepaid insurance . .…………………………………………………………… - 156,000,000                       Cash  ………………………………………………………………… - 156,000,000 Assets =
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Unformatted text preview: Liabilities + Shearholder Equity-$156,000,000.00 $156,000,000.00 ASSETS LIABILITIES Current Assets Current Liabilities Cash $6,500 Accounts payable Inventory $14,300 Current portion of long-term notes Total Current Assets $20,800 Total Current Liabilities Fixed Assets Plant and equipment $3,000 SHAREHOLDERS' EQUITY Total Net Fixed Assets $3,000 Capital stock Total Shareholders' Equity TOTAL ASSETS $23,800 TOTAL LIABILITIES & EQUITY Cash $2,000 (1) $500,000 $24,000 (2) $15,300 $60,000 (4) $17,300 $156,800 (7) $12,000 (8) $247,200 $6,500 Inventory $6,500 (1) $156,000 $23,800 $156,000 ASSETS LIABILITIES Current Assets Current Liabilities Cash $500,000 Accounts payable $252,000 Inventory $156,800 Total Current Liabilities $252,000 Total Current Assets $656,800 SHAREHOLDERS' EQUITY Capital stock $404,000 Total Shareholders' Equity $404,000 TOTAL ASSETS $656,800 TOTAL LIABILITIES & EQUITY $656,800...
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Book1 - Liabilities + Shearholder Equity-$156,000,000.00...

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