Listed Below in Alphabetical Order Are the Balance Sheet Items

Essay

Listed below in alphabetical order are the balance sheet items of Nolan Company at December 31, 2014. Prepare a balance sheet and include a complete heading. $$\begin{array} { l r } \text { Accounts payable } & \$ 1,000 \\\text { Accounts receivable } & 15,000 \\\text { Buildings } & 65,000 \\\text { Cash } & 11,000 \\\text { Common stock } & 80,000 \\\text { Land } & 31,000 \\\text { Equipment } & 10,000 \\\text { Retained earnings } & 41,000\end{array}$$