Question: In alphabetical order below are balance sheet items for George Company at December 31, 2012. Kayla George is the owner of George Company. Prepare a

In alphabetical order below are balance sheet items for George Company at December 31, 2012. Kayla George is the owner of George 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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