Q.13 Balance sheet items for Nadel Travel Service were as follows at Dec. 31, 2018.
Accounts payable $ 23,100 Land $ 90,000
Accounts receivables $52,000 Notes payable $ 100,900
Building $54,800 Cash $37,200
Supplies $6,750 Equipment $ 48,500
Wages payable $5,800 Naden, capital ?
During the next four days, the following transactions occurred:
Jan. 1 Nadel Travel Service received cash from cash customers for services completed, $ 17,750. And 20% of the Notes payable were paid.
Jan. 2 Nadel invested additional $ 21,600 cash in the business. One half and one quarter of the land and the building were sold at cost, respectively.
Jan. 3 received cash from customer on account, $ 12,100.
Jan. 4 purchased supplies for $3,370 to be paid within 10 days.
Required:
Prepare a balance sheet at January 4, 2019