In alphabetical order below are balance sheet items for Swifty Corporation at December 31, 2019. Accounts payable $86,500 Accounts receivable 70,500 Cash 49,000 Common stock 33,000 Prepare a balance sheet. (List Current Assets in order of liquidity.)

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6 June, 06:32

In alphabetical order below are balance sheet items for Swifty Corporation at December 31, 2019. Accounts payable $86,500 Accounts receivable 70,500 Cash 49,000 Common stock 33,000 Prepare a balance sheet. (List Current Assets in order of liquidity.)

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Mason Riley · Answer 1

The preparation of the balance sheet for Swifty Corporation on December 31, 2019 is presented below

Swifty Corporation

Balance sheet

On December 31, 2019

Assets

Cash $49,000

Accounts receivable $70,500

Total Assets $119,500

Liabilities And Stockholder's Equity

Liabilities

Account payable $86,500

Stockholder Equity

Common stock $33,000

Total liabilities

and stockholders equity $119,500