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Required information The following information applies to the questions displayed below The accounting records of Nettle Distribution show the following assets and liabilities as of

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Required information The following information applies to the questions displayed below The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 Cash Accounts receivable 43,232 6,493 23,467 18,398 2,711 113,633 121,041 53,466 e 148,231 36,990 61,695 30,599 e 85,221 Office supplies Office equipment Trucks Building 3,702 44,466 Accounts payable Required: 1. Prepare balance sheets for the business as of December 31, 2016 and 2017. (Hint Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities.) earch

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