Q1: Prepare Balance sheet of M/s. Meta Corporation as on Dec 31, 2021. Cash...
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Q1: Prepare Balance sheet of M/s. Meta Corporation as on Dec 31, 2021.
- Cash as on Jan 01, 2021$ 500,000
- Cash inflow during the year 2021 $ 250,000
- Accounts Receivable as on Dec 31, 2021$ 900,000
- Supplies as on Dec 31, 2021.$ 500,000
- Furniture as on Dec 31, 2021.$ 300,000
- Motor Vehicle as on Dec 31, 2021.$ 900,000
- Building as on Dec 31, 2021.$ 1,000,000
- Accounts Payable as on Dec 31, 2021.$ 700,000
- Accrued Expense Payable as on Dec 31, 2021.$ 450,000
- Prepaid Expenses as on Dec 31, 2021.$ 750,000
- Notes Receivable as on Dec 31, 2021.$ 350,000
- Notes Payable as on Dec 31, 2021.$ 550,000
- Capital as on Dec 31, 2021..$ 2,800,000
- Retained Earnings as on Dec 31, 2021...$ 950,000
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