ces Mc On December 31, records show the following accounts. Cash Accounts receivable Supplies Land Services revenue Accounts payable Wages expense Rent expense Supplies expense Total equity Total Assets Use this information to prepare a December 31 balance sheet. Assets $ 25,500 3,000 10,000 70,000 80,000 30,000 40,000 $ 7,500 3,500 78,500 Balance Sheet December 31 Total Liabilities Liabilities Equity Total equity 0 Total liabilities and equity $ $ 0 0