Name
Score
/
Percent
%
Copyright © 2003 Pearson Education Canada Inc., Toronto, Ontario
Permission to reproduce and use this material is restricted to classrooms in which Accounting 1 is the adopted text.
1
BALANCE SHEET ASSIGNMENT
A
From the following information as of September 17, 2021, prepare a balance sheet for
Dulay & Sons, which is owned by Jaskaran Dulay of Brampton, Ontario:
Land
Cash
Building
Supplies
Bank Loan
Equipment
Mortgage Payable
Trucks
$ 67 500.00
2 545.45
185 000.00
650.00
8 000.00
18 875.00
85 234.00
21 925.00
Amounts owed by Dulay &
Associates to suppliers:
Dominion Supply Company
General Merchants Co.
Beneficial Finance Co.
$
4 163.00
1 256.67
2 361.17
$
450.00
350.00
Amounts owed to
Dulay & Associates:
J. Radzio
N. Ulrich
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________