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On December 31, records show the following accounts. Cash Accounts receivable Supplies Land Services revenue Accounts payable Wages expense Rent expense Supplies expense Total equity $ 27,300 4,800 11,800 71,800 89,000 31,800 41,800 9,300 5,300 83,900 Use this information to prepare a December 31 balance sheet. Assets Balance Sheet December 31 Liabilities Total Liabilities Equity Total equity Total Assets Total liabilities and equity

On December 31, records show the following accounts. Cash Accounts receivable Supplies Land Services revenue Accounts payable Wages expense Rent expense Supplies expense Total equity $ 27,300 4,800 11,800 71,800 89,000 31,800 41,800 9,300 5,300 83,900 Use this information to prepare a December 31 balance sheet. Assets Balance Sheet December 31 Liabilities Total Liabilities Equity Total equity Total Assets Total liabilities and equity

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter23A: Statement Of Cash Flows: The Direct Method
Section: Chapter Questions
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On December 31, records show the following accounts. Cash Accounts receivable Supplies Land Services revenue Accounts payable Wages expense Rent expense Supplies expense Total equity $ 27,300 4,800 11,800 71,800 89,000 31,800 41,800 9,300 5,300 83,900 Use this information to prepare a December 31 balance sheet. Assets Balance Sheet December 31 Liabilities Total Liabilities Equity Total equity Total Assets Total liabilities and equity
Transcribed Image Text:On December 31, records show the following accounts. Cash Accounts receivable Supplies Land Services revenue Accounts payable Wages expense Rent expense Supplies expense Total equity $ 27,300 4,800 11,800 71,800 89,000 31,800 41,800 9,300 5,300 83,900 Use this information to prepare a December 31 balance sheet. Assets Balance Sheet December 31 Liabilities Total Liabilities Equity Total equity Total Assets Total liabilities and equity
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