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Create and prepare a correct balance sheet

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Dorothy Taylor is the bookkeeper for Sandhill Company. Dorothy has been trying to determine the correct balance sheet for Sandhill Company. Sandhill's balance sheet is shown below

SANDHILL COMPANY
Balance Sheet
December 31, 2020

Assets

 

Liabilities

 

ash

$15,075

Accounts payable

$21,105

upplies

8,040

Accounts receivable

(6,533)

quipment

46,230

Owner's capital

67,838

wner's drawings

13,065

Total liabilities and owner's equity

$82,410

Total assets

$82,410

 

 

Question 1: Create and Prepare a correct balance sheet. (List Assets in order of liquidity.)

Reference no: EM132476477

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