Question: Balance Sheet Problem - Please prepare a Balance sheet given the following information ABC Ltd. Balance Sheet as of December 31, 2016 Accounts Payable Accounts

 Balance Sheet Problem - Please prepare a Balance sheet given the

Balance Sheet Problem - Please prepare a Balance sheet given the following information ABC Ltd. Balance Sheet as of December 31, 2016 Accounts Payable Accounts Receivable Cash Notes Payable Inventory Prepared Expenses Wages Payable Retained Earnings Interest Payable Land Notes Payable (due in 2020) Building Store Equipment Goodwill Common Stock $40,000 35,000 20,000 25,000 60,000 2,000 1,500 28,000 500 10,000 55,000 80,000 35,000 8,000 100,000

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