In alphabetical order below are balance sheet items for Mendoza
In alphabetical order below are balance sheet items for Mendoza Company at December 31, 2017. Kathy Mendoza is the owner of Mendoza Company. Prepare a balance sheet, following the format of Illustration 1-9.
Accounts payable ......... $90,000
Accounts receivable ........ 72,500
Cash .............. 49,000
Owner’s capital ......... 31,500\

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