M & M, Inc. has the following assets, liabilities, revenues and expenses for the current...
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M & M, Inc. has the following assets, liabilities, revenues and expenses for the current year The accounts are listed below in alphabetical order. The company has a December 31St year end Accounts receivable $28,000 Accounts payable Building Cash Commission expense 20,500 Common stock Interest payable Land Office equipment Office supplies Service revenue Supplies expense Utilities expense Wage expense $59,500 5,000 130,000 8,000 8,500 11,500 37,000 45,000 80,000 22,000 1,500 40,000 Beginning retained earnings was $120,000 and dividends were $5,000 for the year. Prepare the balance sheet for the current year Your
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