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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 $21,000 2,000 28,000 10,000 13,000 15,000 34,000 5,000 ? Required: Use only the appropriate accounts to prepare a balance sheet. X Answer is not complete. WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities Cash $ 5,000 $ Accounts payable Notes payable 2,000 15,000 Equipment 21,000 Total liabilities 17,000 Stockholders' Equity Common stock 10,000 (1,000) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 9,000 $ 26,000 Total assets $ 26,000
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