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

Additional Resources

	Accounts Payable	$25,400			Legal Expense	$9,800
	Accounts Receivable	38,200			Prepaid Rent	17,500
	Beginning Retained Earnings	49,900			Rent Expense	2,200
	Capital Stock	32,700			Service Revenue	43,700
	Cash	56,900			Supplies	18,500
	Deferred Revenue	11,000			Supplies Expense	1,700
	Dividends	16,700			Travel Expense	1,200
	Ending Retained Earnings	62,000

Required:

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

Hernandez Company

Balance Sheet

December 31

Assets

Total Assets

Liabilities

Total Liabilities

Stockholders' Equity

Total Stockholders' Equity

Total Liabilities and Stockholders' Equity