Sunday 22 July 2012

Breif exercise 1-9

In alphabetical order below are balance sheet items for Lopez Company at December 31, 2008. Kim Lopez is the owner of Lopez Company. Prepare a balance sheet, following the format of Illustration 1-9 

Accounts payable              $90,000
Accounts receivable          $72000
Cash                                      $49,000
Kim Lopez, Company          31,500

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