The following accounts are taken from the records of Jasper Inc. at January 31, 2015, its first month of operations.
|
Cash |
$33,000 |
|
Accounts receivable |
82,000 |
|
Unused supplies |
2,000 |
|
Land |
25,000 |
|
Building |
70,000 |
|
Equipment |
30,000 |
|
Bank loan |
15,000 |
|
Accounts payable |
27,000 |
|
Share capital |
? |
|
Net income |
40,000 |
|
Dividends |
1,000 |
Required:
- Calculate the amount of total assets.
- Calculate the amount of total liabilities.
- Calculate the amount of share capital.
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