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14 October, 08:09

In alphabetical order below are balance sheet items for Swifty Corporation at December 31, 2019. Accounts payable $86,500 Accounts receivable 70,500 Cash 49,000 Common stock 33,000 Prepare a balance sheet. (List Current Assets in order of liquidity.)

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  1. 14 October, 08:27
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    The preparation of the balance sheet for Swifty Corporation on December 31, 2019 is presented below

    Swifty Corporation

    Balance sheet

    On December 31, 2019

    Assets

    Cash $49,000

    Accounts receivable $70,500

    Total Assets $119,500

    Liabilities And Stockholder's Equity

    Liabilities

    Account payable $86,500

    Stockholder Equity

    Common stock $33,000

    Total liabilities

    and stockholders equity $119,500
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