Helen Martin is the bookkeeper for Ivanhoe Company. Helen has been trying to determine the correct balance sheet for Ivanhoe Company. Ivanhoe's balance sheet is shown below.

Exercise 1-13 Helen Martin is the bookkeeper for Ivanhoe Company. Helen has been trying to determine the correct balance sheet for Ivanhoe Company. Ivanhoe's balance sheet is shown below. IVANHOE COMPANY Balance Sheet December 31, 2020 Assets Liabilities Cash $16,686 Accounts payable $23,360 Supplies 8,899 Accounts receivable (7,231) Equipment 51,170 Owner's capital 75,087 Owner's drawings 14,461 Total liabilities and owner's equity W Total assets $91,216 Prepare a correct balance Sheet. (List Assets in order of liquidity.) Prepare a correct balance sheet. (List Assets in order of liquidity.) IVANHOE COMPANY Balance Sheet $ V $ Liabilities and Owner's Equity $ Liabilities and Owner's Equity V $ V Click if you would like to Show Work for this question: Open Show Work