Solution-Andrew has been trying to get the balance sheet of

Andrew has been trying to get the balance sheet of

Reference no: EM13482941

Andrew Davis is the bookkeeper for Cheyenne Company. Andrew has been trying to get the balance sheet of Cheyenne Company to balance. It finally balanced, but now he"s not sure it is correct.

CHEYENNE COMPANY
Balance Sheet
31-Dec-12
Assets		Liabilities and Stockholders" Equity
Cash	$18,000	Accounts payable	$16,000
Supplies	9,500	Accounts receivable	-12,000
Equipment	40,000	Common stock	40,000
Dividends	8,000	Retained earnings	31,500
Total assets	$75,500	Total liabilities and
		stockholders" equity	$75,500

Instructions

Prepare a correct balance sheet.

Reference no: EM13482941

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Andrew has been trying to get the balance sheet of

Reference no: EM13482941

Reference no: EM13482941

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