Complete the balance sheet.
-Clara's Secretarial Services: net worth $71,000; cash $39,000; accounts receivable $24,000; inventory $41,000; fixed assets $40,000; long-term notes $26,000; mortgages $10,000; accounts payable
$14,000; notes payable $23,000 
A) Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000
Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 73,000
Owner's Equity: 71,000; 144,000
B) Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000
Liabilities: 23,000; 14,000; 37,000; 10,000; 26,000; 36,000; 73,000
Owner's Equity: 71,000; 144,000
C) Assets: 39,000; 0; 24,000; 104,000; 41,000; 40,000; 144,000
Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 73,000
Owner's Equity: 71,000; 144,000
D) Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000
Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 71,000
Owner's Equity: 73,000; 144,000
Correct Answer:
Verified
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