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Drill Problem 1 6 - 1 ( Algo ) [ LU 1 6 - 1 ( 1 ) ] Prepare a December 3 1 ,

Drill Problem $16 - 1 ($ Algo $) [$ LU $16 - 1 (1)]$

Prepare a December $31, 2023,$ balance sheet for Long Print Shop from the following: cash, $ $40, 300$ ; accounts payable, $ $28, 300$ ; merchandise inventory, $ $14, 300$ ; Joe Ryan, capital, $ $46, 600$ ; and equipment, $ $20, 300 .$

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Question

Drill Problem 1 6 - 1 ( Algo ) [ LU 1 6 - 1 ( 1 ) ] Prepare a December 3 1 ,

Drill Problem 16-1(Algo)[LU 16-1(1)] Prepare a December 31,2023, balance sheet for Long Print Shop from the following: cash, $40,300; accounts payable, $28,300; merchandise inventory, $14,300; Joe Ryan, capital, $46,600; and equipment, $20,300.

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Drill Problem $16 - 1 ($ Algo $) [$ LU $16 - 1 (1)]$

Prepare a December $31, 2023,$ balance sheet for Long Print Shop from the following: cash, $ $40, 300$ ; accounts payable, $ $28, 300$ ; merchandise inventory, $ $14, 300$ ; Joe Ryan, capital, $ $46, 600$ ; and equipment, $ $20, 300 .$