Prepare a balance sheet for Mullen's Hardware for December 31 of last year. The

label Mathematics
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schedule 1 Day
account_balance_wallet $5

Prepare a balance sheet for Mullen's Hardware for December 31 of last year. The company assets are cash $15,000, accounts receivable $21,000, and merchandise inventory $95,000. The liabilities are accounts payable $12,000 and wages payable $17,000. The owner's capital is $102,000.

May 19th, 2015

Current asset.

Cash                           $15000

Accounts receivables $21000

Merchandise inventory $ 95000

total  current asset                                             $131000

current liabilities.

accounts payable       $12000

wages payable          $17000

total current liabilities                                         ($29000)                              

net assets                                                        $102000


capital                                                               $102000

May 19th, 2015

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