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Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service

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Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $20,500 1,900 27,500 12,000 12,500 14,500 33,500 4,900 ? Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet Assets Liabilities Equipment Land Cash 20,500 Accounts payable 12,500 Notes payable 4,900 1,900 14,500 Total liabilities 16,400 Stockholders' Equity Common stock 12,000 Total stockholders' equity Total liabilities and stockholders' equity 12,000 28,400 Total assets $ 37,900 $ Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $20,500 1,900 27,500 12,000 12,500 14,500 33,500 4,900 ? Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet Assets Liabilities Equipment Land Cash 20,500 Accounts payable 12,500 Notes payable 4,900 1,900 14,500 Total liabilities 16,400 Stockholders' Equity Common stock 12,000 Total stockholders' equity Total liabilities and stockholders' equity 12,000 28,400 Total assets $ 37,900 $

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