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Prepare a balance sheet for healthy body clinic

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Question - Given the following data, prepare a Balance Sheet in proper format for Healthy Body Clinic dated December 31, 2020:

Accounts payable: $20,000

Accounts receivable, net: $60,000

Cash: $30,000

Equity: $230,000

Long-term debt: $120,000

Long-term investments: $100,000

Net property and equipment: $150,000

Other assets: $40,000

Other long-term liabilities: $10,000

Reference no: EM133075308

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