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Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $40,300; accounts payable, $28,300; merchandise inventory, $14,300; Joe Ryan, capital,
Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $40,300; accounts payable, $28,300; merchandise inventory, $14,300; Joe Ryan, capital, $46,600; and equipment, $20,300. LONG PRINT SHOP Balance Sheet December 31, 2020 Assets Liabilities Owner's Equity Total assets Total liabilities and owner's equity
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