Reza Lang is the bookkeeper for Taylor Company. Reza has been trying to get the balance sheet
Question:
Reza Lang is the bookkeeper for Taylor Company. Reza has been trying to get the balance sheet of Taylor Company to balance. Taylor’s balance sheet is shown below.
Instructions
Prepare a correct balancesheet.
Transcribed Image Text:
TAYLOR COMPANY Balance Sheet December 31, 2014 Assets Liabilities Cash Supplies Equipment Owner's drawings 10,000 Total liabilities and $15,000 Accounts payable $21,000 67,500 $79,000 8,000 Accounts receivable 9,500) 46,000 Owner's capital Total assets $79,000 owner's equity
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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