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    Balance Sheet

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    Mary Close is the bookkeeper for Mendez Company. Mary has been trying to get the
    balance sheet of Mendez Company to balance. Below is a balance sheet but it is not correct and needs to be fixed.
    harmony harris: MENDEZ COMPANY
    Balance Sheet
    December 31, 2008
    Assets Liabilities
    Cash $15,000 Accounts payable $20,000
    Supplies 8,000 Accounts receivable (8,500)
    Equipment 46,000 Common stock 50,000
    Dividends 10,000 Retained earnings 17,500
    Total assets $79,000 Total liabilities and
    stockholders' equity $79,000

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    https://brainmass.com/business/business-math/balance-sheets-mendez-company-241241

    Solution Summary

    This solution describes how to set up and balance a balance sheet.

    $2.19

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