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On December 31, Diaz Co. had the following list of accounts. Additional Resources Accounts Payable$ 53,300 Ending Capital$ 63,500 Accounts Receivable41,500 Legal Expense4,200 Advertising Expense6,800

On December 31, Diaz Co. had the following list of accounts.

Additional Resources

Accounts Payable$

53,300

Ending Capital$

63,500

Accounts Receivable41,500

Legal Expense4,200

Advertising Expense6,800

Prepaid Rent19,600

BeginningCapital52,600

Rent Expense7,500

Cash47,200

Service Revenue50,100

Deferred Revenue7,700

Supplies16,200

Drawing16,800

Supplies Expense3,900

Required:

Prepare abalance sheeton December 31, classifying and ordering all balance sheet accounts in the proper sections.

Diaz CompanyBalance SheetDecember 31Assets(Choose one)

Accounts Payable

Accounts Receivable

Advertising Expense

Beginning Capital

Capital

Cash

Consulting Revenue

Deferred Revenue

Drawing

Entertainment Expense

Legal Expense

Maintenance Expense

Net Income

Prepaid Rent

Rent Expense

Service Revenue

Supplies

Supplies Expense

Travel Expense

Utilities Expense

Total Assets

Liabilities(Choose one)

Accounts Payable

Accounts Receivable

Advertising Expense

Beginning Capital

Capital

Cash

Consulting Revenue

Deferred Revenue

Drawing

Entertainment Expense

Legal Expense

Maintenance Expense

Net Income

Prepaid Rent

Rent Expense

Service Revenue

Supplies

Supplies Expense

Travel Expense

Utilities Expense

Total Liabilities

Owner's Equity(Choose one)

Accounts Payable

Accounts Receivable

Advertising Expense

Beginning Capital

Capital

Cash

Consulting Revenue

Deferred Revenue

Drawing

Entertainment Expense

Legal Expense

Maintenance Expense

Net Income

Prepaid Rent

Rent Expense

Service Revenue

Supplies

Supplies Expense

Travel Expense

Utilities Expense

Total Owner's Equity

Total Liabilities and Owner's Equity

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