Construct a Balance Sheet

Exercise 3: XYZ Company Below you will find the items for the balance sheet for XYZ Company for the period ended December 31, 2017. Construct the balance sheet. XYZ Company Period ended December 31, 2017 Land Accounts payable Interest payable Accounts receivable Common Stock Cash Loan Taxes payable Inventory Prepaid rent Furniture & fixtures Salaries/wages payable Buildings & improvements Retained earnings General equipment $126,000 $60,000 $25,000 $35,000 $64,000 $12,000 $322,000 $25,000 $120,000 $8,000 $50,000 $30,000 $300,000 $250,000 $125,000