The Stewart Construction Company builds foundations for buildings and parking lots. The following alphabetical list shows Stewart Construction's account balances as of April 30, 2011:

A. Stewart, Capital ...........$20,000

A. Stewart, Withdrawals ......... 3,500

Accounts Payable ........... 1,950

Accounts Receivable ......... 5,060

Cash ................. ?

Equipment .............. 13,750

Notes Payable ............ 10,000

Revenue Earned ........... 8,700

Supplies .............. 3,250

Supplies Expense ............ 210

Wages Expense ............ 4,400

Required

Insert the account at the top of its corresponding T account, and enter the dollar amount as a normal balance in the account. Determine the balance of cash and then show that the accounting equation is inbalance.

Transcribed Image Text:

Owner's Equity Assets-Liabilities + A. Stewart,-A. Stewart, + Revenues-Expenses Capital Withdrawals