You purchased Company B for $220,000 on January 1,2014.Company B's assets were valued as follows:
In addition,you opened a company bank account and deposited $30,000 cash.All liabilities were paid prior to the transfer of ownership.Create the balance sheet for Company B under your ownership.

Question

You purchased Company B for $220,000 on January 1,2014.Company B's assets were valued as follows:
  In addition,you opened a company bank account and deposited $30,000 cash.All liabilities were paid prior to the transfer of ownership.Create the balance sheet for Company B under your ownership.

Quizplus · Accepted Answer

The Answer of You purchased Company B for $220,000 on January 1,2014.Company B's assets were valued as follows:
  In addition,you opened a company bank account and deposited $30,000 cash.All liabilities were paid prior to the transfer of ownership.Create the balance sheet for Company B under your ownership.

You Purchased Company B for $220,000 on January 1,2014