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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
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 $26,000 3,000 33,000 11,000 18,000 20,000 39,000 6,000 ? Required: Use only the appropriate accounts to prepare a balance sheet. Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Cash $ $ 3,000 6,000 Accounts payable 26,000 Notes payable 18,000 Equipment Land 20,000 Total liabilities 23,000 Stockholders' Equity Common stock 11,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 11,000 34,000 Total assets $ 50,000 $
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