using the info provided fill in the assets liabilities and s

using the info provided, fill in the assets, liabilities and stockholders equity boxes

Soackholders Equity

Solution

Assets

Liabilities

Stockholders Equity

a

b

Equipment

37000

Notes Payable (Short Term)

22000

Cash

-15000

c

Cash

7000

Notes Payable (Short Term)

7000

d

e

Cash

9000

Contributed Capital

9000

f

Supplies

3200

Accounts Payable

3200

Total

41200

32200

9000

* we will not recognise any asset or liability for the Transaction (a) because placing an order will not create any Liability or asset.

# we will not recognise any asset or liability for the Transaction (d) because Hiring a new finance manager on lat day of the month will not create any Liability or asset.

	Assets		Liabilities		Stockholders Equity
a
b	Equipment	37000		Notes Payable (Short Term)	22000
	Cash	-15000
c	Cash	7000		Notes Payable (Short Term)	7000
d
e	Cash	9000					Contributed Capital	9000
f	Supplies	3200		Accounts Payable	3200
	Total	41200			32200			9000
* we will not recognise any asset or liability for the Transaction (a) because placing an order will not create any Liability or asset.
# we will not recognise any asset or liability for the Transaction (d) because Hiring a new finance manager on lat day of the month will not create any Liability or asset.