Listed in random order are some of Oxford Services Company's account balances as of December 31, 2014.

Question:

Listed in random order are some of Oxford Services Company's account balances as of December 31, 2014.
Accounts Payable..............................$ 50,000
Building..........................................112,500
Common Stock..................................125,000
Retained Earnings................................87,500
Supplies..........................................,.12,500
Accounts Receivable...........................$62,500
Cash................................................25,000
Equipment.........................................50,000
Place the balances in proper order and prepare a similar to the one in Exhibit 9.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...