Vadeo Inc Exercise Strictly Confidential

Table of Contents
#VALUE!

Notes
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Vadero Inc Exercise
Vadero Inc engaged in the following transactions:

1. Issued common shares of 300.

2. Bought equipment for 200.
3. Bought inventory of 100. 80 of this was paid in cash. The remainder is outstanding at the balance sheet date.
4. Sold 75% of the inventory for 120. 100 of this had been received in cash at the balance sheet date.
5. Paid cash expense of 15.

Construct the balance sheet of Vadero Inc.

Balance Sheet
Assets Liabilities
Current assets: Current liabilities:
Cash (300-200-80+100-15) 105 Account payable
Inventory (100-75) 25
Account Receivable 20 Non-current liabilities:
Total current assets 150
Shareholders' equity
Non-current assets: Common Stocks
Equipment 200 Retained Earnings
Total non-current assets 200 Revenues
Cost of Sales
Expenses

Total assets 350 Total liabilities and shareholders' equity

alance sheet date.

20

300
45
120
(75)
(15)

30
olders' equity 350