Balance Sheet

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» Balance Sheet

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Aug 3, 2007, 01:33 PM

skellygibson

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Join Date: Aug 2007

Posts: 7

Balance Sheet

From the Following data, Prepare a classified balance sheet: I did the question but my balances are not coming out correctly please help

Accounts Payable $ 62,000
Accounts Receivable 123,000
Buildings 418,500
Owners' Equity 1/1/06 210,000
Cash 179,750
Distribution to Owners (2006) 21,750
Supplies 3,750
Land 130,000
Mortgage Payable 479,000
Net Income (2006) 124,750
Owners Equity 12/31/06 ?

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