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Balance sheet preparation Adam and Arin Adams have collected their personal asset and iability information and have asked you to put together a balance sheet

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Balance sheet preparation Adam and Arin Adams have collected their personal asset and iability information and have asked you to put together a balance sheet as of December 31 2015. The following information is received from the Adams family. The tolowing intormation Cash S 300 Checking 3,000 Savings 1,200 IBM stock 2,000 Auto loan 8,000 Mortgage 100,000 Medical bills payable 250 Utility bills payable 150 Real estate 150,000

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