Solve the problem.Prepare a balance sheet for Jake's Janitorial Service for December 31 of last year. The company assets are cash 
accounts receivable 
merchandise inventory 
and equipment 
The liabilities are accounts payable 
-4.0px;" /> wages payable 
and mortgage note payable 
The owner's capital is $123,000.
A. Jake's Janitorial Service Balance Sheet
Total assets: $235,000
Total liabilities: $99,000
Total liabilities and owner's equity: $123,000
B. Jake's Janitorial Service Balance Sheet
Total assets: $172,000
Total liabilities: $112,000
Total liabilities and owner's equity: $123,000
C. Jake's Janitorial Service Balance Sheet
Total assets: $235,000
Total liabilities: $112,000
Total liabilities and owner's equity: $235,000
D. Jake's Janitorial Service Balance Sheet
Total assets: $235,000
Total liabilities: $112,000
Total liabilities and owner's equity: $123,000
Answer: C
Mathematics
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