Question: need explanation, two pics the same but ot got cut out Xoom, Inc. is a silicon Valley start-up, and a competitor of Zoom Corporation, trying

Xoom, Inc. is a silicon Valley start-up, and a competitor of Zoom Corporation, trying to provide web conferencing software to end users. Xoom has the following account balances at the end of the year Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $22,500 2,300 29,500 10,000 14,500 16,500 35,500 5,300 ? + nces Required: Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Liabilities Assets $ $ 2.300 Cash Land Equipment 22.500 Accounts payable 2,300 Notes payable 29,500 16.500 18,800 Total liabilities Stockholders' Equity (Common stock Retained earnings 0 Total stockholders' equity B. Accounta Equipment Accounts payable Salaries expense Common stock Land Notes payable Service revenue Cash Retained earnings Balances $22,500 2,300 29,500 10,000 14.500 16,500 35,500 5,300 ? ok nt Required: Use only the appropriate accounts to prepare a balance sheet. ances WOLFPACK CONSTRUCTION Balance Sheet December 31 Assets Liabilities $ $ 2,300 Cash Land Equipment 22,500 Accounts payable 2,300 Notes payable 29,500 16,500 18,800 Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total abilities and stockholders' equity o 18 800 $ $ 54,300 Total assets
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