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Prepare a balance sheet for Transatlantic Venture Ltd

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Q1. Prepare a balance sheet for Transatlantic Venture Ltd using today's date. Assets include cash $10 410, medical supplies $84 175, furniture $19 610, equipment $38 420, and building $125 000. Liabilities include a bank loan $25 400 and a debt to Chemical Supply Co. of $5 810. The owner is Walter Anuku.

Q2. Prepare a balance sheet for the Pearl Restaurant, owned by Jesse, dated January 31, 2020. The Company owns building 8154 000, equipment $28 500, furniture $34 600, inventory $16 900, and cash $12 500. Liabilities include mortgage $60 000, Central Wholesales $9 450, and bank loan $10 000.

Reference no: EM132562726

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