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The night manager of Willis Transportation Service. 1who had no accounting background. prepared the following balance sheet for the company at February 23. 2015. The

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The night manager of Willis Transportation Service. 1who had no accounting background. prepared the following balance sheet for the company at February 23. 2015. The dollar amounts were tal-ten directly from the companyis accounting records and are correct. However. the balance sheet contains a number of errors in its beadings. format. and the classification of assets, liabilities. and ownersr equity. WILLIS TRANSPORTATION SERVICE MANAGER'S REFDRT 3 RM. THURSDAY Assets Owners' Equity . Accounts Capital stock $ 33.000 receivable $ Tit-3.000 Retained earnings 33.000 Notes payable 235.000 Cash H.000 Supplies 14.000 Building 30.000 Land T0.000 Automobiles 05.000 Accounts payable 41.000 $435.000 115435.000 Prepare a corrected balance sheet. Liabilities E. Dunne-rs" Equity Liabilities: Total liabilities uners' equity: mm

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