Linda Puff is the bookkeeper for Sajuki Company. Linda has been trying to get the balance sheet of Sajuki Company to balance. Sajuki’s balance sheet is shown below.
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SAJUKI COMPANY |
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Balance Sheet |
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December 31, 2012 |
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Assets |
Liabilities |
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Cash |
$15,000 |
Accounts payable |
$21,000 |
|
Supplies |
8,000 |
Accounts receivable |
(9,500) |
|
Equipment |
46,000 |
Owner’s capital |
67,500 |
|
Owner’s drawings |
10,000 |
Total liabilities and |
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|
Total assets |
$79,000 |
owner’s equity |
$79,000 |
Instructions
Prepare a correct balance sheet.