Constructing Balance Sheets and Interpreting Liquidity Measures The following balance sheet data are reported for Bettis Contractors at June 30, 2015. Accounts payable $53,400 Common stock $600,000 Cash 88,200 Retained earnings Supplies 183,000 Notes payable 168,000 Equipment Land 588,000 Accounts receivable 43,200 150,000 Assume that during the next two days only the following three transactions occurred: July 1 Paid $30,000 cash toward the notes payable owed. July 2 Purchased equipment for $60,000, paying $12,000 cash and an $48,000 note payable for the remaining balance. July 2 Declared and paid a $33,000 cash dividend. a. and b. Prepare a balance sheet at June 30, 2015 and July 2, 2015. Assets Cash Current assets Total assets Liabilities Total liabilities Stockholders' equity Bettis Contractors Balance Sheets June 30, 2015 July 2, 2015 $ 58200 $ -21000 0 0 0 0 0 0 0 0 0 $ 0 $ 0 = $ 0 $ 0 0 0 0 0