Listed below are ledger account titles and account balances, as of?

Question

1. The assets division should contain what accounts?
A. 11 P.Woodsley, Capital
12 Equipment—Store
13 Equipment—Office
14 Cash
15 Accounts Payable—Taylor Investments
B. 11 Accounts Payable—Bellhaven Bank
12 Equipment—Store
13 Equipment—Office
14 P.Woodsley, Capital
15 Cash
C. 11 Cash
12 Equipment—Store
13 Equipment—Office
14 Prepaid Insurance
15 Accounts Payable—Taylor Investments
D. 11 Cash
12 Prepaid Insurance
13 Equipment—Store
14 Equipment—Office
15 Supplies
PLATT HARDWARE STORE
CHART OF ACCOUNTS
Division 1
Division 2
Division 3
Asset Accounts
Liability Accounts
Owner's Equity Accounts
11–19
21–29
31–39
(1) ASSETS
11
12
13
14
15
(2) LIABILITIES
21
22
23
24
(3) OWNER'S EQUITY
31
EXAM FIGURE 1

Answer 1

BALANCE SHEET

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Answer 2

OK I am really confused here. If the first question is a,b,c,or d the answer is D. But if the question is about the balance sheet you have written outI dont know cuase it has no numbers, so there is no way to figure out if it balances. Good Luck

Answer 3

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