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Complete the corrected balance sheet below

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Reference no: EM13508249

Mike Paul is the bookkeeper for Benelli Company. Mike has been trying to get the balance sheet of Benelli Company to balance. It finally balanced, but now he's not sure it is correct.

BENELLI COMPANY

Balance Sheet

December 31, 2010

Assets

Liabilities and Stockholders' Equity

Cash

20,500

Accounts payable

16,000

Supplies

9,500

Accounts receivable

(12,000)

Equipment

40,000

Common stock

40,000

Dividends

8,000

Retained earnings

34,000

Total assets

78,000

Total liabilities and stockholders' equity

Complete the corrected balance sheet below. (List assets in order of liquidity.)

 

Reference no: EM13508249

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