Balance Sheet Preparation: Assets, Liabilities, and Creditors

Creditors . Household Finance Company 19345 General Trading Company 2 356 Lightning Electronics 3 378 Mortgage Payable 95 000 Bank Loan 10 000 3. Michael Travis, the owner of Travis and Company located in Moncton, New Brunswick, gave the following list of assets and liabilities to a public accountant and asked him to prepare a balance sheet as of March 31, 20-. Prepare the balance sheet as if you were the public accountant. A . Amounts owed to Travis and Company G. Fordham $ 1 042. 16 -W. Gaines 743.86 D. Samuelson 1 346.95 L Amounts owed by Travis and Company to suppliers -Beacon Company 1 567.25 -Gem Finance 1 236.45 General Supply 15 540.00 -Raymond and Company 125.00 A Office Supplies 326.40 A Cash 4 946.03 A Office Equipment 1 1 960.00 A Delivery Equipment 14 240.00 L Bank Loan 25 000.00 L Mortgage Payable 92 000.00 A Building 135 000.00 A Land 146 000.00