The balance sheet of Ms. Prompt Truck Rental on December 31st is as follows:
488980.GIF
After December 31st, M/s Prompt Truck Rental had the following transactions for a short period:
a. Bought office equipment at a cost of $2,700. Paid in cash.
b. Collected $4,000 of accounts receivable.
c. Paid $3,200 of accounts payable.
d. Borrowed $10,000 from a bank. Signed a note payable for that amount
e. Purchased two trucks for $30,500. Paid $15,000 cash and signed a note payable for the balance
f. Sold additional stock to investors for $75,000
Instructions:1. List the December 31st balance

Question

The balance sheet of Ms. Prompt Truck Rental on December 31st is as follows:
488980.GIF 
After December 31st, M/s Prompt Truck Rental had the following transactions for a short period:
a. Bought office equipment at a cost of $2,700. Paid in cash.
b. Collected $4,000 of accounts receivable.
c. Paid $3,200 of accounts payable.
d. Borrowed $10,000 from a bank. Signed a note payable for that amount
e. Purchased two trucks for $30,500. Paid $15,000 cash and signed a note payable for the balance
f. Sold additional stock to investors for $75,000
Instructions:1. List the December 31st balance