Question: In alphabetical order below are balance sheet items for Lopez Company at December 31, 2010. Kim Lopez is the owner of Lopez Company. Prepare a

In alphabetical order below are balance sheet items for Lopez Company at December 31, 2010. Kim Lopez is the owner of Lopez Company. Prepare a balance sheet, following the format of Illustration 1-9.
Accounts payable....... $90,000
Accounts receivable...... $72,500
Cash............ $49,000
Kim Lopez, Capital...... $31,500

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