During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the dollar effects indicated in the following schedule: Dollar Effect of Each of the Six Transactions Ending Balance
Accounts 1 2 3 4 5 6
Cash $ 45,000 $ (8,000) $ (2,000) $ (7,000) $ 3,000 $ (4,000)
Investments (short-term) 7,000 (3,000)
Notes receivable (due in six months)2,000
Computer equipment 4,000
Delivery truck 35,000
Notes payable (due in 10 years) 27,000
Common stock (3,000 shares) 6,000
Additional paid-in capital 39,000
Prepare a classified balance sheet for Volz Cleaning, Inc., at the end of March.

Answer and Explanation:

The Preparation of classified balance sheet for Volz Cleaning, Inc., at the end of March is shown below:-

Assets

Current Assets:

Cash                                          $27,000

($45,000 - $8,000 - $2,000 - $7,000 + $3,000 - $4,000)

Investment (short term)             $4,000

($7,000 - $3,000)

Notes receivables                     $2,000

Total Current Assets                 $33,000

Long Term Non Current Assets:

Computer equipment                  $4,000

Delivery Truck                              $35,000

Total long term                            $39,000

Total assets                                   $72,000

Liabilities

Liabilities

Notes payable                           $27,000

Total liabilities                            $27,000

Stockholder equity

Common Stock                        $6,000

Additional Paid in Capital$39,000

Total Stockholder's equity  $45,000

Total Liabilities & Stockholder's

equity                                         $72,000

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

answer; balance sheets;