Calculate the amount of share capital


Response to the following problem:

The following accounts are taken from the records of Jasper Inc. at January 31, 2015, its first month of operations.

Cash                                                  $33,000

Accounts receivable                               82,000

Unused supplies                                    2,000

Land                                                     25,000

Building                                                 70,000

Equipment                                            30,000

Bank loan                                             15,000

Accounts payable                                 27,000

Share capital                                                  ?

Net income                                         40,000

Dividends                                             1,000

Required:

1. Calculate the amount of total assets.

2. Calculate the amount of total liabilities.

3. Calculate the amount of share capital.

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Accounting Basics: Calculate the amount of share capital
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