Question: 9-31. Use the ending balances from Problem 9-30 to prepare a balance sheet. 9-30. HELP started the year with the following account balances (shown in

9-31. Use the ending balances from Problem 9-30 to prepare a balance sheet.

9-30. HELP started the year with the following account balances (shown in alphabetical order):

Accounts Receivable

$300,000

Cash

135,000

Accounts Payable

Equipment

70,000

Line of Credit

100,000

Net Assets with donor restrictions

217,000

Net Assets without donor restrictions

125,000

Supplies

7,000

Wages Payable

70,000

Record these opening balances and the transactions from Problem 9-29 in a worksheet similar to Exhibit 9-4. 9-31. Use the ending balances from Problem 9-30 to prepare a balance sheet.

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