Solution-Create and prepare a correct balance sheet

Create and prepare a correct balance sheet

Assignment Help Accounting Basics

Reference no: EM132476477

Dorothy Taylor is the bookkeeper for Sandhill Company. Dorothy has been trying to determine the correct balance sheet for Sandhill Company. Sandhill's balance sheet is shown below

SANDHILL COMPANY
Balance Sheet
December 31, 2020

Assets		Liabilities
ash	$15,075	Accounts payable	$21,105
upplies	8,040	Accounts receivable	(6,533)
quipment	46,230	Owner's capital	67,838
wner's drawings	13,065	Total liabilities and owner's equity	$82,410
Total assets	$82,410

Question 1: Create and Prepare a correct balance sheet. (List Assets in order of liquidity.)

Reference no: EM132476477

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Create and prepare a correct balance sheet

Reference no: EM132476477

Reference no: EM132476477

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