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Preparation of Corrected Balance Sheet The following balance sheet was prepared for Jared Corporation as of December 3 1 , 2 0 x 1 .

Preparation of Corrected Balance Sheet

The following balance sheet was prepared for Jared Corporation as of December

31, 20 x 1 .

Jared Corporation

Balance Sheet

December

31, 20

1

Assets

\

table

[[

Current assets:,Liabilities and Owners' Equity

], [

Current liabilities:,

], [

Cash

,

12, 500,

Accounts payable,$

3, 400

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