(Answered) In alphabetical order below are balance sheet items for

Accounting

In alphabetical order below are balance sheet items for Lopez Company at December 31, 2010. Kim Lopez is the owner of Lopez Company. Prepare a balance sheet, following the format of Illustration 1-9.

Accounts payable....... $90,000

Accounts receivable...... $72,500

Cash............ $49,000

Kim Lopez, Capital...... $31,500

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