Expand the balance sheet for Exercise 3 for 2013. The company assets are: cash, $12,842; accounts receivable,

Question:

Expand the for Exercise 3 for 2013. The company assets are: cash, $12,842; accounts receivable, $5,836; merchandise inventory, $18,917. The liabilities are: accounts payable, $8,968; wages payable, $2,582. The owner's capital is $26,045?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...