In alphabetical order below are balance sheet items for Lopez Company at December 31, 2008. Kim Lopez is the owner of Lopez Company.
|
Accounts payable |
90,000 |
|
Accounts receivable |
72,000 |
|
Cash |
49,000 |
|
Kim Lopez, Company |
31,500 |
Prepare a balance sheet, following the format of Illustration 1-9