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help me do questions 2...the balance sheet correction including the calculation.Thank you need it as fast as possible ASAP PART 2: THEORY QUESTIONS Your friend.

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help me do questions 2...the balance sheet correction including the calculation.Thank you need it as fast as possible ASAP

PART 2: THEORY QUESTIONS Your friend. Daniel, recently began work as the lead accountant for the Asheville Company, Daniel prepared the following balance sheet for 31 December 2018: Asheville Company Balance Sheet For the Year Ended December 31, 2018 Assets Land Accounts payable Accounts receive Cash Daniel Nat capital Total assets $100,000 10,000 12,500 10,000 235.000 5367,500 Labilities Equipment Wages payable Total liabilities $125.000 2.500 5127500 Instructions: 1. White a brief explanation to Daniel explaining the errors in the Asheville Company balance sheet 2. Draw a correct presentation for the balance sheet

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