Wayne Holtz is the bookkeeper for Beeson Company. Wayne has been trying to get the balance sheet of Beeson Company to balance. It fi nally balanced, but now he’s not sure it is correct. (LO 3)

BEESON COMPANY Balance Sheet December 31, 2017 Assets Cash $18,000 Supplies 9,500 Equipment 40,000 Dividends 8,000 Total assets $75,500 Liabilities and Stockholders’ Equity Accounts payable $16,000 Accounts receivable (12,000)
Common stock 40,000 Retained earnings 31,500 Total liabilities and stockholders’ equity $75,500 Instructions Prepare a correct balance sheet.