Van Occupanther Is the Bookkeeper for Roscoe Company Instructions
Prepare a Correct Balance Sheet

Van Occupanther is the bookkeeper for Roscoe Company. Van has been trying to get the balance sheet of Roscoe Company to balance. Roscoe's balance sheet is as follows. $\begin{array}{c}\text {ROSCOE COMPANY}\\\text {Balance Sheet}\\\text {December 31, 2018}\\\begin{array} { l r l r } & \text { Assets } & & \text { Liabilities } \\ \text { Cash } & \$ 9,400 & \text { Accounts payable } & \$ 25,000 \\ \text { Supplies } & 7,100 & \text { Accounts receivable } & ( 19,500 ) \\ \text { Equipment } & 45,000 & \text { Common stock } & 40,000 \\ \text { Dividends } & 9,200 & \text { Retained earnings } & 25,200 \\ \text { Total assets } & \underline { \$ 70,700 } & \text { Total liabilities and } & \\ & & \text { stockholders' equity } & \$ 70,700 \end{array} \end{array}$
Instructions
Prepare a correct balance sheet.