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Construct a balance sheet

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Mr. Johns, organized a company Johns, Inc., where he owns 100% of the shares. In the beginning of 2010, when organized, he invested $1 million into equity of the company. Johns inc. also received a credit of $2 million from the bank. He purchased a building worth $500,000, equipment worth $1 million and $600,000 worth of raw materials.

Construct a Balance Sheet.

Reference no: EM13525335

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