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A company is created and has the following transactions on the first day: a. issued...

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A company is created and has the following transactions on the first day: a. issued 50,000 shares for $100,000 in cash. b. prepaid 6-month rental for $60,000. c. bought a piece of equipment for $70,000 that is to be depreciated uniformly over 5 years with a $10,000 residual value. d. maintained a minimum cash balance of $10,000. e. funded the shortfall in cash with a bank loan. Show the company's balance sheet at the end of the second month (after any monthly. accrual adjustments) as if these were the only transactions. Use the template below to present your answer in the answer space provided. You are not allowed to add or delete an account from the template

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