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On june 30 heckle signed a bank loan for euro400000

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Heckle Group began operations as an engineering consulting firm, on June 1. 2008. On that date it issued 100,000 shares of common stock for €920,000. During June, Heckle used €600,000 of the proceeds to purchase office space and office equipment. It acquired a patent for €120,000, agreeing to pay the seller within 30 days. On June 30 Heckle signed a bank loan for €400,000, bearing interest at 8% per year and paab1e in full on June 30, 2011. Prepare, in good format. Heckle's balance sheet as of June 30. 2008.

Reference no: EM13484704

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