Use the following accounts and balances to prepare a balance sheet with the accounts in proper order

Question:

Use the following accounts and balances to prepare a balance sheet with the accounts in proper order for Global Company at June 30 2010, using Exhibit 1-3 as a model:

Accounts Receivable .......$ 1,600

Wages Payable ......... 700

Owner’s Capital .......... 28.700

Building ............. 22,000

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

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...