Question: In alphabetical order below are balance sheet items for Karol Company at December 31, 2017. Prepare a balance sheet following the information given below: Accounts

In alphabetical order below are balance sheet items for Karol Company at December 31, 2017. Prepare a balance sheet following the information given below:

Accounts payable ...........................$65,000

Accounts receivable ........................ 71,000

Cash .......................................... 22,000

Common stock .............................. 18,000

Retained earnings ........................... 10,000

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