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Question - The assets and liabilities of Rocky's Day Spa on December 31 and its revenue and expenses for the year are listed below. The capital of the owner was $68,000 on January 1. The owner invested an additional $10,000 during the year.
Accounts payable
$4,375
Spa operating expense
$23,760
Accounts receivable
8,490
Office expense
2,470
Cash
???
Spa supplies
9,230
Fees earned
98,435
Wages expense
26,580
Spa furniture & equipment
56,000
Drawing
38,170
Computers
2,130
Prepare a balance sheet for the year ended December 31.
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