Question: Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. AccountsBalancesEquipment$20,500Accounts payable1,900Salaries expense27,500Common stock12,000Land12,500Notes payable14,500Service

Exercise 1-8A Prepare a balance sheet (LO1-3)

Wolfpack Construction has the following account balances at the end of the year.

AccountsBalancesEquipment$20,500Accounts payable1,900Salaries expense27,500Common stock12,000Land12,500Notes payable14,500Service revenue33,500Cash4,900Retained earnings?

Required:

Use only the appropriate accounts to prepare a balance sheet.

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