Mary Close is the bookkeeper for Mendez Company. Mary has been trying to get the balance sheet

Question:

Mary Close is the bookkeeper for Mendez Company. Mary has been trying to get the balance sheet of Mendez Company to balance. Mendez’s balance sheet is shown below.

Instructions

Prepare a correct balance sheet.

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Accounting Principles

ISBN: 9780471980193

8th Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel

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Question Posted: Sep 20, 2011 07:51 AM

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Mary Close is the bookkeeper for Mendez Company. Mary has been trying to get the balance sheet

Question:

MENDEZ COMPANY Balance Sheet December 31, 2010 Assets Liabilities Cash Supplies Equipment Mendez, Drawing $15,000 8,000 46,000 10,000 $79,000 Accounts payable Accounts receivable Mendez, Capital $20,000 (8,500) 67.500 Total liabilities and owner's equity Total assets $79,000

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MENDEZ COMPANY Balance Sheet December 31 2010 Assets Cash15000 Accounts receivable 8500 S...View the full answer

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