ACC 205 Week 1 Exercise 3 Balance sheet preparation
ACC 205 Week 1 Exercise 3 Balance sheet preparation Balance sheet preparation. The following data relate to Preston Company as of December 31, 19XX: Building $44,000 Accounts receivable $24,000 Cash 17,000 Loan payable 30,000 Preston, Owners Equity 65,000 Land 21,000…