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BE1-9 In alphabetical order below are balance sheet items for Lopez Company at December 31, 2008. Kim Lopez is the owner of Lopez Company. Prepare a balance sheet, following the format of Illustration 1-9.

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BE1-9 In alphabetical order below are balance sheet items for Lopez Company at December 31, 2008. 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
Common stock $31,500

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