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Current Attempt in Progress Laura Hall is the junior accountant for Wildhorse Company. Laura has been trying to determine the correct balance sheet for
Current Attempt in Progress Laura Hall is the junior accountant for Wildhorse Company. Laura has been trying to determine the correct balance sheet for the Wildhorse Company but can't seem to get it right. She prepared the following incorrect balance sheet. WILDHORSE COMPANY Balance Sheet December 31, 2022 Assets Liabilities: Cash $43,500 Accounts payable $60,900 Supplies 23,200 Accounts receivable (18,850) Equipment 133,400 Owner's capital 195,750 Owner's drawings 37,700 Total liabilities and owner's equity $237,800 Total assets $237,800 Prepare a corrected balance sheet. All numerical amounts are correct. The Owner's Capital includes current year investments and current year net income. WILDHORSE COMPANY Balance Sheet
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