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Prepare a April 30 Balance Sheet in Proper Form for Two

question 25

Essay

Prepare a April 30 balance sheet in proper form for Two Rivers Vending Service, Inc. from the following alphabetical list of the accounts at April 30: Accounts receivable................. $10,000 Accounts payable.................. 18,000Building................................... 28,000 Cash....................................... 10,000Notes payable.......................... 47,000Office equipment..................... 12,000Stockholders’ equity............... ? Trucks.................................... 55,000\begin{array}{llcc} \text {Accounts receivable................. } &\$10,000\\ \text { Accounts payable.................. } &18,000\\\\ \text {Building................................... } &28,000\\ \text { Cash....................................... } &10,000\\ \text {Notes payable.......................... } &47,000\\ \text {Office equipment..................... } &12,000\\ \text {Stockholders' equity............... } &?\\ \text { Trucks.................................... } &55,000\\\end{array}


Definitions:

Aquifer

Porous rock layer that holds some groundwater.

Surface Water

Water that is found on the surface of the earth, such as rivers, lakes, and ponds, as opposed to groundwater.

Earth's Water

The total amount of water present on Earth, including oceans, seas, rivers, lakes, ice caps, glaciers, and moisture in the atmosphere.

Heterotrophic

Organisms that cannot synthesize their own food and rely on other organisms for nutrition.

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