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Prepare a balance sheet for K. Murphy dated December 31, 20-- using the following accounts. Before beginning, please determine if the below is an Asset,

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Prepare a balance sheet for K. Murphy dated December 31, 20-- using the following accounts. Before beginning, please determine if the below is an Asset, Liability or Owner's Equity. This will assist in creating our balance sheet. Use the Accounting papers supplied to create this balance sheet. Mortgage Payable - $105,000 (Liability) Delivery Truck - $15,700 (Asset) Supplies - $2,500 (Asset) Accounts Payable- $5,000 (Liability) Cash - $9,700 (Cash) Bank Loan - $10,000 (Liability) Building - $175,000 (Asset) K. Murphy, Capital - $95.000 (Owners Equity) Equipment - $12 100 (Asset)

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