L1-L4 quiz - Richard Parker is the owner and operator of...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Richard Parker is the owner and operator of Parker Equipment Rentals in Mississauga, Ontario. He has requested your help in preparing a formal balance sheet for his company. He intends on presenting this balance sheet to the bank, from which he is hoping to obtain a new bank loan. Following is the financial information relating to the company's financial position, as of today's date. Amounts owed by Parker Equipment Rentals: - Taylor Supplies - Ontario Energy Amounts owed to Parker Equipment Rentals: - P. Brenner - Farrow Manufacturing Richard Parker, owner Balance Sheet July 9, 20-8 Assets Bank - 1 5 0 - Accounts Receivable - P. Brenner - Farrow Manufacturing Office Supplies - 7 - 6 9 5 5 0 5 - Truck 12 0 0 0 - Land Building Total Assets 72 33 118 0 0 0 0 0 6 0 0 0 - By: Aakash Sonkusare Mississauga, Ontario. He has requested s on presenting this balance sheet to the e financial information relating to the L### and Bank Balance ### Mortgage Payable ### Building ### Office Supplies ### Truck ### 1,500.00 265.00 765.00 90.00 rker, owner e Sheet 9, 20-8 Liabilities Accounts Payable - Taylor Supplies - Ontario Energy Mortgage Payable Total Liabilities Owner's Equity Richard Parker's Capital Total Liabilities and Equity 1 66 67 5 2 0 7 0 6 0 6 0 5 0 5 - 50 118 2 0 9 6 5 0 - ...
View Full Document

Ask a homework question - tutors are online