Hi I want this answered. I'm not sure about the labels under current asset (they have to fit perfectly the Correct number of accounts and also be in the correct order of liquidity otherwise I get 0 marks as it's marked on the correct answer in the correct box)

I think I've gotten the assets right except for the wage expense doesn't belong there so if you coould tell me what does and the order I'd appreciate. And for liabilities I need another one as I have the same label there twice

Can you show working out too.

WATTLE Madout of 100 1. Paid wages for the current period of $8950. 2. Purchased $2300 worth of office supplies on credit. The business treats the office supplies as expenses when purchased. 3. Paid $5200 in rent for the next period. 4. Paid the electricity bill of $14000 for the current the period 5. Sold inventory goods for $59000 on credit. The original cost of those goods was $35400 6. Inventory worth $27500 is bought on account 7. Received $21000 cash from customers that paid in advance for goods to be sold to them next period. Assume that the following opening balances existed in the balance sheet for Smart Ltd at the beginning of the current period: Account mame Opening balance Cash $4950d Inventory $50900 Accounts receivable $65000 Accounts payable $48500 Share capital $57000 Retained earnings There are no dividends declared for the current period and no reserve accounts under equity. Required: Prepare the balance sheet for Smart Ltd as at the end of the current period (Le 30 June 2020). Important List assets in order of liquidity, i.e. in order of them being able to be converted into cash. List any prepayments or unearned revenue last in their respective categories. Do not include "s" sign or any thousands separators, i.e. $46,000 should be written as 46000. Smart Ltd Balance sheet as at 30 June 2020 30 June 2020 30 June 2019 5 Assets Current assets Cash 40050 0 Accounts receivable 103000 0 Inventory Prepaid rent Wages expense Total current assets Liabilities Current liabilities Accounts payable Sales revenue Total current liabilities Total current liabilities Net assets WATTLE Share capital 0 57000 Retained earnings 0 59900 Total equity 0 116900 Please answer all parts of the