assignmentcafe.com – . Maverick Company has the following account balances at the end of December. Show that Maverick’s balance sheet would balance using the accounting equation./2022

assignmentcafe.com –

. Maverick Company has the following account balances at the end of December. Show that Maverick’s balance sheet would

balance using the accounting equation.

Cash $8,000

Capital Stock $120,000

Inventory $16,000

Note Payable $45,000

Retained Earnings $29,000

Building $150,000

Equipment $20,000