Expand the balance sheet for Exercise 1 to include figures for 2013. The company assets are: cash,

Question:

Expand the for Exercise 1 to include figures for 2013. The company assets are: cash, $1,762; accounts receivable, $3,785; merchandise inventory, $2,036. The liabilities are: accounts payable, $3,631; wages payable, $ 1,421. The owner's capital is $2,531? Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...