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