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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 $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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