John Tate is the bookkeeper for Sheridan Company. John has been trying to get the balance sheet of Sheridan Company to balance. It finally balanced, but now he is not sure it is correct. SHERIDAN COMPANY Balance Sheet December 31, 2022 Assets Cash Supplies Equipment Dividends Total assets SHERIDAN COMPANY Balance Sheet $14,000 ASSETS 9,000 55,000 13,700 $91,700 Liabilities and Stockholders' Equity Accounts payable Accounts receivable Common stock Prepare a correct balance sheet. (List Assets in order of liquidity.) Retained earnings Total liabilities and stockholders' equity $16,000 (13,300) 46,500 42,500 $91,700

John Tate is the bookkeeper for Sheridan Company. John has been trying to get the balance shect of Sheridan Company to balance it finally balanced, but now he is not sure it is correct. Prepare a correct balance sheet. (Ust Assets in onder of liquidity)