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Wolfpack Construction has the following account balances at the end of the year. Equipment Accounts Balances $21,500 Accounts payable 2,100 Salaries expense 28.500 Common
Wolfpack Construction has the following account balances at the end of the year. Equipment Accounts Balances $21,500 Accounts payable 2,100 Salaries expense 28.500 Common stock 11,000 Land 13,500 Notes payable 15,500 Service revenue 34,500 Cash 5,100 Retained earnings Required: Use only the appropriate accounts to prepare a balance sheet. Answer is complete but not entirely correct. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Cash Equipment Land Retained earnings 0000 $ 5,100 Accounts payable 21,500 Notes payable 13.500 Service revenue 34,500 Salaries expense 1000 $ 2,100 15,500 28,500 Total liabilities 46,100 Stockholders' Equity Common stock Retained earnings 00 11,000 34.500 Total stockholders' equity 45,500 Total assets $ 74.600 Total liabilities and stockholders equity $91,600
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