Sorting balance sheet information

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Reference no: EM13522188

Sorting Balance Sheet Information

The account balances given below are shown on the balance sheet of a corporation.

Marketable securities

$ 20,000

Invested capital

200,000

Buildings and equipment

400,000

Accounts receivable

80,000

Prepaid rent

17,000

Bonds payable

230,000

Inventories

85,000

Taxes payable

30,000

Accounts payable

16,000

Advance payments from customers

3,000

Interest payable

9,000

Land

19,000

Retained earnings

133,000

Required

Arrange three columns corresponding to the balance sheet equation:

ASSETS = LIABILITIES +OWNERS' EQUITY

Reference no: EM13522188

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