In: Accounting
In alphabetical order below are balance sheet items for Tamarisk, Inc. at December 31, 2017. Accounts payable $83,200 Accounts receivable 90,880 Cash 28,160 Common stock 23,040 Retained earnings 12,800 Prepare a balance sheet. (List assets in order of liquidity.)
--Requirment asked
| Balance Sheet | |
| at 31 Dec 2017 | |
| ASSETS | |
| Cash | $28,160 |
| Accounts receivables | $90,880 |
| Total Assets | $119,040 |
| LIABILITIES | |
| Accounts Payable | $83,200 |
| STOCKHOLDER's EQUITY | |
| Common Stock | $23,040 |
| Retained earnings | $12,800 |
| Total Stockholder's equity | $35,840 |
| Total Liabilities & Stockholder's equity | $119,040 |