Prepare a balance sheet on december for diaz co

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Reference no: EM132624091

On December 31, Diaz Co. had the following list of accounts.

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Accounts Payable $ 53,300

Ending Capital $ 63,500

Accounts Receivable41,500

Legal Expense4,200

Advertising Expense6,800

Prepaid Rent19,600

Beginning Capital52,600

Rent Expense7,500

Cash47,200

Service Revenue50,100

Deferred Revenue7,700

Supplies16,200

Drawing16,800

Supplies Expense3,900

Required:

Problem 1: Prepare a balance sheet on December 31, classifying and ordering all balance sheet accounts in the proper sections.

Reference no: EM132624091

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