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Prepare a December 31 Balance Sheet in Proper Form for Smokey

Question 254

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Prepare a December 31 balance sheet in proper form for Smokey River Supplies from the following list of the accounts:
 Cash.$10,000 Accounts receivable8,000 Supplies 12,000 Equipment. 35,000 Land.18,000 Accounts payable. 13,000 Notes payable. 41,000 L. Marks, Capital 29,000\begin{array}{llr} \text { Cash.} &\$10,000\\ \text { Accounts receivable} &8,000\\ \text { Supplies } &12,000\\ \text { Equipment. } &35,000\\ \text { Land.} &18,000\\ \text { Accounts payable. } &13,000\\ \text { Notes payable. } &41,000\\ \text { L. Marks, Capital } &29,000\\\end{array}

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SMOKEY RIVER SUPPLIES
Balance Sheet Dece...

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