Question: In alphabetical order below are balance sheet items for Grande Company at December 31, 2014. Kit Grande is the owner of Grande Company. Prepare a

In alphabetical order below are balance sheet items for Grande Company at December 31, 2014. Kit Grande is the owner of Grande Company. Prepare a balance sheet, following the format of Illustration 1-10.

Accounts payable ..........$85,000

Accounts receivable .........$72,500

Cash ................$44,000

Common stock ............$31,500

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