Wed. Dec 7th, 2022
  

Philosophy homework help. During the month of November the following transactions occurred:Accounts Receivable for $16,000 was collected.Wages due of $15,000 were paid out in cash.$175,000 in Equipment was purchased on credit ($100 was due on delivery and was paid in cash).Their land was appraised and found to be worth $560,000.A stakeholder, Bruce Wayne, provided the company with equipment and in return received $65,000 in shares.$300,000 in shares was retired for bonds payable on December 15, 2025.Bottle Processing Patent Fees were paid completely out on Credit.$175,000 in Old Bottles was returned to the former supplier for their cash value.A bank loan for $65,000 was taken out.  The amount was kept in cash over the end of the month.Required:Create a Balance Sheet for November 30th assuming no other transactions occurred for the month other than those noted above.1-Conversion to Canadian Balance Sheet and T-Accounts (17 marks)2- Final Balance Sheet (23 Marks)

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