Question: help me doing the question 1 for my exercise. need it as fast as possible. ASAP. thank you PART 2: THEORY QUESTIONS Your friend, Daniel,

help me doing the question 1 for my exercise. need it

help me doing the question 1 for my exercise. need it as fast as possible. ASAP. thank you

PART 2: THEORY QUESTIONS Your friend, Daniel, recently began work as the lead accountant for the Asheville Company. Daniel prepared the following balance sheet for 31 December 2018: Asheville Company Balance Sheet For the Year Ended December 31, 2018 Assets Land Accounts payable Accounts receivable, Cash Daniel Nat, capital Total assets $100,000 10,000 12500 10,000 235 000 $367.500 Liabilities Equipment Wages payable Total liabilities $125.000 2.500 $127.500 Instructions: 1. White a brief explanation to Daniel explaining the errors in the Asheville Company balance sheet 2. Draw a correct presentation for the balance sheet

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