Greyson Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Total assets Balances $20,500 1,900 27,500 12,000 Required: Use only the appropriate accounts to prepare a balance sheet. Assets 12,500 14,500 33,500 4,900 ? GREYSON CONSTRUCTION Balance Sheet December 31 Total liabilities Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity CI

Greyson Construction has the following account balances at the end of the year. Required: Use only the appropriate accounts to prepare a balance sheet