Valdez Equipment Repair Service is owned by Francisco Valdez.     

Cash	$	33,300		Equipment	$	77,000
Supplies		5,380		Accounts Payable		23,000
Accounts Receivable		12,200

  

Use the above figures to prepare a balance sheet dated February 28, 2013. (Be sure to list the accounts in order of their liquidity. Omit the "$" sign in your response.)

   

VALDEZ EQUIPMENT REPAIR SERVICE Balance Sheet February 28, 2013
Assets
Cash	$
Accounts receivable
Supplies
Equipment
Total Assets	$
Liabilities
Accounts payable	$
Owner's Equity
Francisco Valdez, Capital
Total Liabilities and Owner's Equity	$

  

Analyze:

What is the net worth, or owner's equity, at February 28, 2013 for Valdez Equipment Repair Service? (Omit the "$" sign in your response.)

  

Owner's equity

$