Question: Prepare a December 31 balance Sheet in proper form for Smokey River Supplies from the following list of the accounts: Cash....... $10,000 Accounts Receivable..... 8,000

Prepare a December 31 balance Sheet in proper form for Smokey River Supplies from the following list of the accounts:

Cash....... $10,000 Accounts Receivable..... 8,000 Supplies.... 12,000 Equipment.......35,000 Land...... 18,000 Acccounts payable........ 13,000 Notes payable....... 41,000 L. Marks, Capital.........29,000

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