Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 21

The night manager of Willis Transportation Service, who had no accounting background, prepared the following balance sheet for the company at February 28, 2015.he dollar amounts were taken directly from the company's accounting records and are correct.owever, the balance sheet contains a number of errors in its headings, format, and the classification of assets, liabilities, and owners' equity.

Prepare a corrected balance sheet.nclude a proper heading.