Completion of balance sheet
Use the following information to complete the December 31,2014 balance sheet of Copper Supplies Company.
(1)Owners' equity as of January 1,2014,totaled $175,000,which included capital stock of $150,000.
(2)Additional capital stock was issued during 2014 in exchange for $40,000 cash.
(3)Net income for 2014 amounted to $200,000; no dividends were paid during 2014.
(4)Cash and accounts receivable together amount to 3 times as much as accounts payable.

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The Answer of Completion of balance sheet
Use the following information to complete the December 31,2014 balance sheet of Copper Supplies Company.
(1)Owners' equity as of January 1,2014,totaled $175,000,which included capital stock of $150,000.
(2)Additional capital stock was issued during 2014 in exchange for $40,000 cash.
(3)Net income for 2014 amounted to $200,000; no dividends were paid during 2014.
(4)Cash and accounts receivable together amount to 3 times as much as accounts payable.

Completion of Balance Sheet