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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
30.  Preparation of simple balance sheet; current and noncurrent classifications. Heckle Group began operations as an engineering consulting firm, on June 1, 2013. On that date it issued 100,000 shares of common stock for €920,000. During June, Heckle used €600,000 of the proceeds to purchase office equipment. It acquired a patent for €120,000, agreeing to pay the seller within 30 days. On June 30 Heckle signed a bank loan for €400,000, bearing inter- est at 8% per year and payable in full on June 30, 2016. Prepare, in good format, Heckle’s balance sheet as of June 30, 2013.
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