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, Owners Equity |
65,000 |
Land |
21,000 |
|
Accounts payable |
? |
Prepare a balance sheet as of December 31, 19XX.