Listed in random order are some of Oxford Services Company's account balances as of December 31, 2014.
|
Accounts Payable
|
$ 50,000
|
Accounts Receivable
|
$62,500
|
|
Building
|
112,500
|
Cash
|
25,000
|
|
Common Stock
|
125,000
|
Equipment
|
50,000
|
|
Retained Earnings
|
87,500
|
|
|
|
Supplies
|
12,500
|
|
|
Place the balances in proper order and prepare a balance sheet similar to the one in Exhibit 9.
Text Book: Financial and Managerial Accounting By Belverd Needles, Marian Powers, Susan V. Crosson.