for:
Assets:
Bank
Land
A/R - Jones
Supplies
Office Equipment
Automobile
Building
Liabilities:
A/P - Smith
Bank Loan
Mortgage Payable
Thanks =]
You need to know the due dates of payments before you can sort them according to liquidity. For e.g. must the bank loan be paid before the mortgage payable or vice versa? In the absence of more info, and sorting them in order of increasing liquidity, the order would be:
Assets
Land
Building
Automobile
Office equipment
AR - Jones
Supplies
Bank
Liabilities:
Mortgage Payable
Bank Loan
A/P - Smith
bank , A/r , land, supplies, building , automobile , office equipment
a/p , mortgage payable , bank loan
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