Prepare a statement of financial position at february

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Question - At February 1, the statement of financial position accounts for WinterEE Ltd. were as follows:

Accounts payable $4,000

Accounts receivable 2,800

Bank loan 146,000

Building 168,000

Cash 6,000

Common shares ?

Equipment 18,700

Land 53,000

Retained earnings 63,200

Supplies 2,600

The following transactions occurred during the next two days: Shareholders invested an additional $32,000 cash in the business. The accounts payable were paid in full. (No payment was made on the bank loan payable.)

Required - Prepare a statement of financial position at February 3, 2022.

Reference no: EM133110121

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