Balance sheet preparation.
The following data relate to Preston Company as of December 31, 19XX:
|
Building |
44,000 |
Accounts receivable |
24,000 |
|
Cash |
17,000 |
Loan payable |
30,000 |
|
J.Preston, |
65,000 |
Land |
21,000 |
|
Accounts |
? |
Prepare a balance sheet in good form as of December 31, 19XX.