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Windsor Service had the following financial information at the end of 2022. 1/1/22 2022 12/31/22 Accounts Payable $19,000 Accounts Receivable 25,000 Advertising Expense $1,000 Cash

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Windsor Service had the following financial information at the end of 2022.

1/1/22

2022

12/31/22

Accounts Payable

$19,000

Accounts Receivable

25,000

Advertising Expense

$1,000

Cash

16,000

Common Stock

15,000

Dividends

9,000

Equipment

38,000

Notes Payable

20,000

Rent Expense

3,500

Retained Earnings

$6,000

Salaries and Wages Expense

20,000

Service Revenue

55,000

Utilities Expense

2,500

Prepare a 12/31/22 balance sheet for Windsor Service. (List Assets in order of liquidity.)

image text in transcribed

Windsor Service had the following financial information at the end of 2022. 1/1/22 2022 12/31/22 Accounts Payable $19,000 Accounts Receivable 25,000 Advertising Expense $1,000 Cash 16,000 Common Stock 15,000 Dividends 9,000 Equipment 38,000 Notes Payable 20,000 Rent Expense 3,500 Retained Earnings $6,000 20,000 Salaries and Wages Expense Service Revenue 55,000 Utilities Expense 2,500 Prepare a 12/31/22 balance sheet for Windsor Service. (List Assets in order of liquidity.) WINDSOR SERVICE Balance Sheet Assets $ $ A Liabilities and Stockholders' Equity $ A $

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