sugey communication has a balance at december 31 cash    $37,000 office equipment  $51,250 building                   $125,000 land                          95,000   Liabilities note payables          $80,000 accounts                  28,250   owners' equity capital stock           200,000   early of january the following transation were carried out. 1 sold capital stock to owner for $35,000 2purchased land and equipment for total of 90,000, of which 35,000 was the value of the land and 55,000 the value of building. paid 22500 in cash and signed a note payable for the reamineng 67,500 3. bought several computer system on credit for 9,500(30 day open account) 4obtain a lon from capital  bank in the amount of 20,000. Signed a note payable. 5. paid 22,250 account payable due as of decemeber 31 I have record each transation and show the total. I did but I HAVE A DIFFERENCE BETWEEN MY ASSETS 184,000 AND LIABILITIES AND OWNERS EQUITY181,000

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
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sugey communication has a balance at december 31

cash    $37,000

office equipment  $51,250

building                   $125,000

land                          95,000

 

Liabilities

note payables          $80,000

accounts                  28,250

 

owners' equity

capital stock           200,000

 

early of january the following transation were carried out.

1 sold capital stock to owner for $35,000

2purchased land and equipment for total of 90,000, of which 35,000 was the value of the land and 55,000 the value of building. paid 22500 in cash and signed a note payable for the reamineng 67,500

3. bought several computer system on credit for 9,500(30 day open account)

4obtain a lon from capital  bank in the amount of 20,000. Signed a note payable.

5. paid 22,250 account payable due as of decemeber 31

I have record each transation and show the total.

I did but I HAVE A DIFFERENCE BETWEEN MY ASSETS 184,000 AND LIABILITIES AND OWNERS EQUITY181,000

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