2. The New Western Company in Fort Frances, Ontario, owned by Guy Albrecht, had the...
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2. The New Western Company in Fort Frances, Ontario, owned by Guy Albrecht, had the following assets and liabilities on March 31, 20. Prepare a balance sheet for the company as of that date. Bank $ 1 896 Tasty Beverages (debtor) 750 Food Haven (debtor) 400 Metro Mall (debtor) 1 235 Supplies 850 Furniture and Equipment 75 840 Trucks 35 000 Land 50 000 Building 140 000 Household Finance Company (creditor) 19 345 General Trading Company (creditor) 2 356 Lightning Electronics (creditor) 3 378 Bank Loan 10 000 Mortgage Payable 75 000
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