Park & Company was recently formed with a $6,300 investment in the company by stockholders.
Posted: Tue Aug 03, 2021 6:38 am
Park & Company was recently formed with a $6,300 investment in the company by stockholders. The company then borrowed $3,300 from a local bank, purchased $1,130 of supplies on account, and also purchased $6,300 of equipment by paying $2,130 in cash and signing a promissory note for the balance. Based on these transactions, the company's total assets are:
$14,900
$14,900