In alphabetical order below are balance sheet items for Allen Company at December 31, 2020. Sarah Allen is the owner of Allen Company. Accounts payable $97,500 Accounts receivable 72,800 Cash 50,800 Owner's capital 26,100 Prepare a balance sheet (List Assets in order of liquidity.) ALLEN COMPANY Balance Sheet

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In alphabetical order below are balance sheet items for Allen Company at December 31, 2020. Sarah Allen is the owner of Allen
Company.
Accounts payable
$97,500
Accounts receivable
72,800
Cash
50,800
Owner's capital
26,100
Prepare a balance sheet. (List Assets in order of liquidity.)
ALLEN COMPANY
Balance Sheet
Assets
$
$
Liabilities and Owner's Equity
$
>
Transcribed Image Text:In alphabetical order below are balance sheet items for Allen Company at December 31, 2020. Sarah Allen is the owner of Allen Company. Accounts payable $97,500 Accounts receivable 72,800 Cash 50,800 Owner's capital 26,100 Prepare a balance sheet. (List Assets in order of liquidity.) ALLEN COMPANY Balance Sheet Assets $ $ Liabilities and Owner's Equity $ >
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