Question: Wolfpack Construction has the following account balances at the end of the year.
Accounts Balances
Equipment $21,000
Accounts payable 2,000
Salaries expense 28,000
Common stock 10,000
Land 13,000
Notes payable 15,000
Service revenue 34,000
Cash 5,000
Retained earnings ?
Required: Use only the appropriate accounts to prepare a balance sheet.