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Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,600; accounts payable, $29,600; merchandise inventory, $15,600; Joe Ryan, capital,

Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,600; accounts payable, $29,600; merchandise inventory, $15,600; Joe Ryan, capital, $49,200; and equipment, $21,600.

LONG PRINT SHOP
Balance Sheet
December 31, 2020
Assets		Liabilities


		Owners Equity

Total assets		Total liabilities and owners equity

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