In alphabetical order below are balance sheet items for Burnett
In alphabetical order below are balance sheet items for Burnett Company at December 31, 2014. Prepare a balance sheet following the format of Illustration 1-7


Accounts payable ...... $65,000
Accounts receivable.... 71,000
Cash........... 22,000
Common stock...... 18,000
Retained earnings...... 10,000
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