Prepare a Proper Balance Sheet for Wawa Corporation from the Following

Prepare a proper balance sheet for Wawa Corporation from the following list of accounts on June 30,
2012: $$\begin{array} { l r l r } \text { Accounts payable } & 105,000 & \text { Land } & 175,000 \\\text { Accounts receivable } & 52,500 & \text { Long-term loan } & 150,000 \\\text { Advances received from } & & \text { Plant and equipment } & 375,000 \\\text { customers in advance } & 35,000 & \text { Rent paid in advance } & 15,000 \\\text { Capital Stock } & 250,000 & \text { Retained earnings } & 144,000 \\\text { Cash } & 15,000 & \text { Wages and salaries owing } & 18,500 \\\text { Current portion of long-term loan } & 50,000 & & \\\text { Inventory } & 120,000 & &\end{array}$$