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Prepare a correct balance sheet. (List Assets in order of liquidity.) Barbara Jones is the bookkeeper for Ivanhoe Company. Barbara has been trying to determine

image text in transcribed Prepare a correct balance sheet. (List Assets in order of liquidity.)

Barbara Jones is the bookkeeper for Ivanhoe Company. Barbara has been trying to determine the correct balance sheet for Ivanhoe Company, shown as follows. IVANHOE COMPANY Balance Sheet December 31, 2022 Assets Cash Supplies Equipment Owner's drawings Total assets $15,000 8,000 46,000 13,000 $82,000 Liabilities Accounts payable Accounts receivable Owner's capital Total liabilities and owner's equity $30,788 (9,530) 60,742 $82,000 Prepare a correct balance sheet. (List Assets in order of liquidity.) IVANHOE COMPANY Balance Sheet Assets Liabilities and Owner's Equity

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