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Prepare a December 31, 2017 balance sheet for Wildland Fire Warriors from the following: cash, $42,200; accounts payable, $30,200; merchandise inventory, $16,200; Jim Shanel, capital,

Prepare a December 31, 2017 balance sheet for Wildland Fire Warriors from the following: cash, $42,200; accounts payable, $30,200; merchandise inventory, $16,200; Jim Shanel, capital, $50,400; and equipment, $22,200.

WILDLAND FIRE WARRIORS Balance Sheet December 31, 2017
Assets Liabilities
(Click to select)Merchandise inventoryEquipmentAccounts payableCashJim Shanel, capital $ (Click to select)CashAccounts payableJim Shanel, capitalEquipmentMerchandise inventory $
(Click to select)EquipmentCashJim Shanel, capitalAccounts payableMerchandise inventory Owners Equity
(Click to select)CashEquipmentMerchandise inventoryAccounts payableJim Shanel, capital (Click to select)Jim Shanel, capitalMerchandise inventoryEquipmentAccounts payableCash
Total assets $ Total liabilities and owners equity $

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