Presented below is the balance sheet for Manhattan Family Dentistry on January 1 of the current year.
MANHATTAN FAMILY DENTISTRY
Balance Sheet
January 1, Current Year
During the first few days of January, the following transactions occurred:
Jan 2$\quad$ Equipment was purchased for $38,000 on credit.
2$\quad$The business collected $16,000 of its accounts receivable and paid $23,000 of its accounts payable.
3 $\quad$The business borrowed $60,000 from the bank, giving a note payable due in 90 days.
3 $\quad$Additional capital stock was issued in exchange for $27,000 cash.
Complete the following balance sheet for Manhattan Family Dentistry on January 4 of the current year.
MANHATTAN FAMILY DENTISTRY
Balance Sheet
January 4, Current Year

Question

Presented below is the balance sheet for Manhattan Family Dentistry on January 1 of the current year.
 MANHATTAN FAMILY DENTISTRY
 Balance Sheet
 January 1, Current Year
  During the first few days of January, the following transactions occurred:
Jan 2$\quad$ Equipment was purchased for $38,000 on credit.
 2$\quad$The business collected $16,000 of its accounts receivable and paid $23,000 of its accounts payable.
 3 $\quad$The business borrowed $60,000 from the bank, giving a note payable due in 90 days.
 3 $\quad$Additional capital stock was issued in exchange for $27,000 cash.
Complete the following balance sheet for Manhattan Family Dentistry on January 4 of the current year.
MANHATTAN FAMILY DENTISTRY
 Balance Sheet
 January 4, Current Year

Quizplus · Accepted Answer

The Answer of Presented below is the balance sheet for Manhattan Family Dentistry on January 1 of the current year.
 MANHATTAN FAMILY DENTISTRY
 Balance Sheet
 January 1, Current Year
  During the first few days of January, the following transactions occurred:
Jan 2$\quad$ Equipment was purchased for $38,000 on credit.
 2$\quad$The business collected $16,000 of its accounts receivable and paid $23,000 of its accounts payable.
 3 $\quad$The business borrowed $60,000 from the bank, giving a note payable due in 90 days.
 3 $\quad$Additional capital stock was issued in exchange for $27,000 cash.
Complete the following balance sheet for Manhattan Family Dentistry on January 4 of the current year.
MANHATTAN FAMILY DENTISTRY
 Balance Sheet
 January 4, Current Year

Presented Below Is the Balance Sheet for Manhattan Family Dentistry \quad

Presented Below Is the Balance Sheet for Manhattan Family Dentistry $\quad$