The financial statements at the end of Atlas Realty s first month of operations follow: Atlas Realty 1 answer below »

The financial statements at the end of Atlas Realty s first month of operations follow: Atlas Realty Balance Sheet May 31, 2019 Assets Cash . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $123,200 Supplies . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,800 Land . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (i) Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (j) Liabilities Accounts payable . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 48,000 Owner s Equity LuAnn Martin, capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (k) Total liabilities and owner s equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (l) Instructions By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through (p).

 

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