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1. Blank Space Inc. is owned by T. Swift. The company had the following assets and liabilities on December 31, 2014. Prepare in proper form,
1. Blank Space Inc. is owned by T. Swift. The company had the following assets and liabilities on December 31, 2014. Prepare in proper form, a Balance Sheet for the company as of that date. (hint: to find Owner's Equity, use the Accounting Equation & don't forget to list items in order of liquidity) Cash Accounts Receivable Bank Loan Trucks Supplies Mortgage Payable Equipment Accounts Payable Land Building $ 2 000 3 000 10 000 35 000 1 000 75 000 75 000 25 000 50 000 140 000
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