Prepare a December balance sheet in proper form

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Question - Prepare a December 31 balance sheet in proper form for Surety Insurance using the following accounts and amounts:

Commissions revenue $40,000

Accounts payable 3,500

Accounts receivable 5,000

M. Bruno, Capital 103,500

Office equipment 10,000

Advertising expense 3,200

Cash 7,500

Land 35,000

Note payable 50,000

Office supplies 500

Salaries expense 12,000

Salaries payable 1,000

Building 100,000

Reference no: EM132891529

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