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Data table - Cash Notes payable Merchandise inventory Paid-in capital $ 12,000 Accounts payable 8,000 Furniture and fixtures 28,000 Long-term debt 98,000 Building 10,000 Machinery and equipment 9,000 7,000 15,000 55,000 18,000 Land Print Done - X More info 1 Purchased merchandise on account: $7,000 2 Sold at cost for $5,000 cash some furniture that was not needed 3. Issued additional capital stock for machinery and equipment valued at $16000 4. Purchased land for 540.000, of which $11,000 was paid in cash, the remaining being represented by a 5-year note (long-term debt) 5. The building was valued by professional appraisers at $85,000 Print Done Ch Clear all Province Corporation's balance sheet at March 30, 20X1. contained only the following items (arranged here in random order) Click the icon to view the items) On March 31, 20x1, these transactions and events took place (Click the icon to view the transactions and events.) Requirement 1. Prepare in good form a balance sheet for March 31, 20x1, showing supporting computations for all new amounts. To begin, for each account, determine its ending balance by showing which, if any, of the transactions from March 31 affect the balance. (Leave unused cells blank. Use a minus sign or parentheses to show a decrease in an account.) Determine the ending cash balance. Cash at March 30, 20X1 12,000 Sale of furniture for cash 5,000 $ Purchase of land for cash and debt (11000) S 6.000 Cash at March 31, 20X1 Determine the Note payable balance at March 31, 20X1 S 8.000 Notes payable at March 30, 20X1 Purchase of land for cash and debt Notes payable at March 31, 20X1

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