Prepare a balance sheet for Miss Muffins' Bakery for December 31, 2014. The company assets are: cash,

Question:

Prepare a for Miss Muffins' Bakery for December 31, 2014. The company assets are: cash, $1,985; accounts receivable, $4,219; merchandise inventory, $2,512. The liabilities are: accounts payable, $3,483; wages payable, $1,696. The owner's capital is $3,537? 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...