The IT manager of True Care Realty, Inc., prepared the balance sheet of the company while the
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1. Prepare a new, corrected balance sheet for True Care Realty,Inc.
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True Care Realty, Inc. Balance Sheet Month Ended April 30, 2012 ASSETS LIABILITIES Cash Rent Expense Supplies Expense Salaries Payable Equipment $ 200 600 1,500 5,100 10,200 Accounts Payable 1.800 Utilities Expense 250 Accounts Receivable 1,200 Notes Payable 8,000 STOCKHOLDERS' EQUITY Common Stock Supplies Retained Earnings Total Stockholders' Equity Total Liabilities & 12,000 510 1,540 14,050 Total Assets 21 450Stockholders Equity $21,450
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