In alphabetical order below are balance sheet items for Mantle Company at December 31, 2010 Prepare a balance sheet following the format of Illustration 1 8 Accounts payable $75,000 Accounts receivable 81,000 Cash 22,000 Common stock 28,000 ...

MANTLE COMPANY Balance Sheet December 31 2010 Assets Cas ...

In alphabetical order below are balance sheet items for Mantle Company at December 31, 2010. Prepare a

Question:

In alphabetical order below are items for Mantle Company at December 31, 2010. Prepare a following the format of Illustration 1-8.
Accounts payable ......... $75,000
Accounts receivable ........ 81,000
Cash ............... 22,000
Common stock .......... 28,000

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...