Steven Garcia is the bookkeeper for Sheridan Company. Steven has been trying to get the balance sheet of Sheridan Company to balance. It finally balanced, but now he's not sure it is correct.
Sheridan Company
Balance Sheet
December 31, 2025
Assets
Liabilities and Stockholders' Equity
Cash
$16,300
Accounts payable
$15,000
Supplies
9,000
Accounts receivable
(11,600)
Equipment
40,000
Common stock
39,000
Dividends
7,800
Retained earnings
30,700
Total assets $73,100
Total liabilities and stockholders' equity $73,100
Prepare a correct balance sheet. (List assets in order of liquidity.)
SHERIDAN COMPANY
Balance Sheet
December 31, 2025
Assets