Prepare a December 31 Balance Sheet in Proper Form for Smokey

question 141

Essay

Prepare a December 31 balance sheet in proper form for Smokey River Supplies from the following list of the accounts:
$\begin{array}{llr} \text { Cash.} &\$10,000\\ \text { Accounts receivable} &8,000\\ \text { Supplies } &12,000\\ \text { Equipment. } &35,000\\ \text { Land.} &18,000\\ \text { Accounts payable. } &13,000\\ \text { Notes payable. } &41,000\\ \text { L. Marks, Capital } &29,000\\\end{array}$

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Definitions:

Relative Size

A perceptual cue which allows the determination of distance based on the knowledge of the size of objects.

Gestalt Principles

A concept suggesting that the brain works in a holistic, parallel, and analog manner, characterized by its self-organizing features.

Continuity

The concept or state of uninterrupted flow or progression, often discussed in the context of developmental psychology and the gradual development of individuals over time.

Simplicity

The quality or condition of being easy to understand or do, not complicated.