Using the information below calculate the ending total asset of lisa inc.  lisa inc raises $3,000 of shareholders’ equity.  lisa inc purchases a building worth $300 for cash.  lisa inc takes out a loan for $500 and receives cash.  lisa inc purchases $300 of inventories, the supplier gives her credit.

The ending total asset is $3,800

Explanation:

 Lisa Inc raises $3,000 of shareholders’ equity.  This movement increase the assets,  because the $3,000 increase in the shareholders’ equity will affect the asset

 Lisa Inc purchases a building worth $300 for cash. Won´t modifies the assets ,  decrease cash but increase buildings

 Lisa Inc takes out a loan for $500 and receives cash. Increase assets (cash) , increase Liabilities (Accounts Payable)

 Lisa Inc purchases $300 of inventories, the supplier gives her credit. Increase assets (inventory) , increase Liabilities (Notes Payable)

Asset= $3,000+$500+$300=$3,800

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

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