Abby Roland is the bookkeeper for Cheng Company. Abby has been trying to determine the correct balance
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Prepare a correct balance sheet.
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Cheng Company Balance Sheet December 31, 2020 Assets Liabilities Cash Accounts payable Accounts receivable Owner's capital Total liabilities and owner's equity $15,000 $21,000 8,000 Supplies Equipment Owner's drawings Total assets (6,500) 46,000 67,500 13,000 $82,000 $82,000
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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