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olfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment...

olfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment $ 20,500 Accounts payable 1,900 Salaries expense 27,500 Common stock 12,000 Land 12,500 Notes payable 14,500 Service revenue 33,500 Cash 4,900 Retained earnings ? Required: Use only the appropriate accounts to prepare a balance sheet.

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Solution Balance sheet amount La abilities Assets amount cash $4900 $ 12500 land Accounts payable $ 1900 | Notes payable $ 14

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