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Use the following select financial information to prepare a December 31 balance sheet. Cash $ 68,000 Total equity $ 175,000 Accounts receivable 43,000 Accounts payable

Use the following select financial information to prepare a December 31 balance sheet.

Cash

$ 68,000

Total equity

$ 175,000

Accounts receivable

43,000

Accounts payable

35,000

Supplies

32,000

Salaries payable

3,500

Land

80,000

Unearned revenue

9,500

Use the following select financial information to prepare a December 31 balance sheet

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