Prepare a balance sheet for Mullens Hardware for December 3

Prepare a balance sheet for Mullen’s Hardware for December 31 of last year. The company assets are cash $15,000, accounts receivable $21,000, and merchandise inventory $95,000. The liabilities are accounts payable $12,000 and wages payable $17,000. The owner’s capital is $102,000.Mullen’s Hardware Balance SheetTotal assets: $131,000Total liabilities: $29,000Total liabilities and owner’s equity: $131,000Mullen’s Hardware Balance SheetTotal assets: $131,000Total liabilities: $12,000Total liabilities and owner’s equity: $131,000Mullen’s Hardware Balance SheetTotal assets: $95,000Total liabilities: $12,000Total liabilities and owner’s equity: $102,000Mullen’s Hardware Balance SheetTotal assets: $131,000Total liabilities: $17,000Total liabilities and owner’s equity: $17,000


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