= Homework: Chapter 1 - B Question 8, P1-6A (similar to) Part 1 of 3 HW Score: 71.54%, 101.59 of 142 points Points: 0 of 24 The bookkeeper of Oliver Services Co., a proprietorship, prepared the balance sheet of the company while the accountant was ill. The balance sheet is not correct. The bookkeeper knew that the balance sheet should balance, so he "plugged in" the owner's equity amount balance. The owner's equity amount, however, is not correct. All other amounts are accurate except the "Total assets" amount. (Click the icon to view the financial data.) Required 1. Prepare the corrected balance sheet, and date it correctly. Compute total assets, total liabilities, and owner's equity. 2. Consider the original balance sheet as presented and the corrected balance sheet you prepared for Requirement 1. Did total assets presented in your corrected balance sheet increase, decrease, or stay the same compared to the original balance sheet? Why? Requirement 1. Prepare the corrected balance sheet, and date it correctly. Compute total assets, total liabilities, and owner's equity. Begin by preparing the heading, and then complete the body of the statement. Help me solve this Calculator Aok my instructor Media Financial data Oliver Services Co. Balance Sheet For the Month Ended July 31, 2019 Assets Liabilities Cash $ Office supplies Land 72,000 Service revenue 6,000 Note payable 142,000 Accounts payable $ 320,000 73,000 47,000 Advertising expense Office furniture 26,000 64,000 Accounts receivable 93,000 38,000 Rent expense Owner's Equity 1,000 J. Oliver, capital Total liabilities and $ 441,000 $ 441,000 Total assets owner's equity Print Done