Question: Correct the following balance sheet Canfield Corporation Balance Sheet December 31, 2009 Assets Liabilities and owners' Equity Cash $ 55,000 Buildings $325,000 75,000 65,000 nts

Correct the following balance sheet

Canfield Corporation Balance Sheet December 31, 2009 Assets Liabilities and owners' Equity Cash $ 55,000 Buildings $325,000 75,000 65,000 nts receivable . . _ _ _ _ . . Rent expense...- Retained earnings.. 350,000 85,000 5,000 145,000 Utilities expense Total liabilities $990,000

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