From the following prepare a balance sheet for Roe Co. as of December 31, 2018. Salaries...

From the following prepare a balance sheet for Roe Co. as of December 31, 2018.

Salaries Payable 6,000

Accounts Receivable 9,000

Common Stock 27,000

Mortgage Note Payable 45,000

Prepaid Rent 12,000

Accounts Payable 19,000

Land 18,000

Cash 3,000

Merchandise Inventory 16,000

Building 60,000

Expert Solution

Roe Co
Balance Sheet as at December 31, 2018

LIABILITIES	Amount ($)	ASSETS	Amount ($)
Capital
Common Stock	27,000	Fixed Assets
Retained Earnings (B/f)	21,000	Land	18,000
		Building	60,000
Current Liabilities
Accounts Payable	19,000	Current Assets
Salary Payable	6,000	Cash	3,000
Mortgage Notes Payable	45,000	Accounts Receivable	9,000
		Prepaid Rent	12,000
		Merchandise Inventory	16,000


TOTAL	1,18,000	TOTAL	1,18,000

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