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Listed in random order are some of Oxford Services Company's account balances as of December 31, 2014.
Accounts Payable
$ 50,000
Accounts Receivable
$62,500
Building
112,500
Cash
25,000
Common Stock
125,000
Equipment
50,000
Retained Earnings
87,500
Supplies
12,500
Place the balances in proper order and prepare a balance sheet similar to the one in Exhibit 9.
Text Book: Financial and Managerial Accounting By Belverd Needles, Marian Powers, Susan V. Crosson.
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