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Prepare balance sheet from the data

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Reference no: EM132567485

Question 1: Prepare Balance Sheet from the given data, but be careful, every item will not be appeared in Balance Sheet.

Land 25000

Building 125000

A/c payable 30000

Cash 15000

Note payable 25800

Sales 550000

Office supplies 5000

Bank 17000

A/c receivable 15000

Amir-capital ?

Salaries payable 32500

Short-term investment 58000

Office salaries expense 12500

Prepaid advertising 36000

Commission revenue 256900

Reference no: EM132567485

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