Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Required: Use only the appropriate accounts to prepare a balance sheet. Total assets Balances $19,500 1,700 26,500 11,000 11,500 13,500 32,500 4,700 ? Assets WOLFPACK CONSTRUCTION Balance Sheet December 31 Total liabilities Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Wolfpack Construction has the following account balances at the end of the year.
Accounts
Equipment
Accounts payable
Salaries expense
Common stock
Land
Notes payable
Service revenue
Cash
Retained earnings
Required:
Use only the appropriate accounts to prepare a balance sheet.
Total assets
Balances
$19,500
1,700
26,500
11,000
11,500
13,500
32,500
4,700
?
Assets
WOLFPACK CONSTRUCTION
Balance Sheet
December 31
Total liabilities
Liabilities
Stockholders' Equity
Total stockholders' equity
Total liabilities and stockholders' equity
Transcribed Image Text:Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Required: Use only the appropriate accounts to prepare a balance sheet. Total assets Balances $19,500 1,700 26,500 11,000 11,500 13,500 32,500 4,700 ? Assets WOLFPACK CONSTRUCTION Balance Sheet December 31 Total liabilities Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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