• Requirements: Create a balance sheet with the following account balances:
  • Cash: $35,000
  • Accounts Receivable: $30,000
  • Inventory: $25,000
  • Equipment: $80,000
  • Accumulated Depreciation: $20,000
  • Accounts Payable: $25,000
  • Notes Payable: $15,000
  • Common Stock: $50,000
  • Retained Earnings: $45,000