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The following are account balances for M-E Corporation: cash, $6,000; accounts receivable, $11,000; inventory, $18,000; equipment, $76,000; accounts payable, $34,000; salaries payable, $14,000; retained earnings,
The following are account balances for M-E Corporation: cash, $6,000; accounts receivable, $11,000; inventory, $18,000; equipment, $76,000; accounts payable, $34,000; salaries payable, $14,000; retained earnings, $11,000; and common stock, $52,000. Prepare a preliminary balance sheet
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