In alphabetical order below are balance sheet items for Taylor Company at December 31, 2022. Dorothy Taylor is the owner of TaylorCompany. Accounts payable $ 87,700 Accounts receivable 64,000 Cash 41,000 Owner’s capital 17,300 Prepare a balance sheet. (List Assets in order of liquidity.)
In alphabetical order below are balance sheet items for Taylor Company at December 31, 2022. Dorothy Taylor is the owner of TaylorCompany. Accounts payable $ 87,700 Accounts receivable 64,000 Cash 41,000 Owner’s capital 17,300 Prepare a balance sheet. (List Assets in order of liquidity.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
In alphabetical order below are
Accounts payable
|
$ 87,700 | |
|
64,000 | |
Cash
|
41,000 | |
Owner’s capital
|
17,300 |
Prepare a balance sheet. (List Assets in order of liquidity.)
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