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Calculating Financial Statement Components

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Question - Calculating Financial Statement Components: Calculate total liabilities?

The following information is taken from the records of Jasper Inc. at January 31, 2015. after its first month of operations. Assume no dividends were declared in January

Cash $33,000

Accounts Receivable 582.000 LEGO

Unused Supplies $2.000

Land $25.000

Building $70.00

Equipment $30,000

Bank Loan $15,000

Accounts Payable $27,000

Share Capital 7

Net Income $40.000

Reference no: EM132895107

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