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Business, 29.03.2021 20:00 ladybugys

You and a friend each put in $20,000 to capitalize the corporation (and you each get 10,000 shares). That’s $40,000 total. o You buy a truck for $20,000. o You take out a loan for $5,000 in cash.  What does the balance sheet look like? Explain each transaction as a separate event.  At the end, what are your total assets? What are your total liabilities? What is your shareholder equity?

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You and a friend each put in $20,000 to capitalize the corporation (and you each get 10,000 shares)....
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