The following list of accounts, in alphabetical order, is for Aventura Inc. at November 30, 2025. Instructions

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The following list of accounts, in alphabetical order, is for Aventura Inc. at November 30, 2025.

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Instructions

a. For each of the above accounts, identify whether it is an asset (A), liability (L), or stockholders' equity (SE) item.

b. Prepare a balance sheet at November 30, 2025.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

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Question Posted: Feb 23, 2024 11:00 PM

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The following list of accounts, in alphabetical order, is for Aventura Inc. at November 30, 2025. Instructions

Question:

Accounts payable Accounts receivable Buildings Cash Common stock Equipment, net Income taxes payable $ 26,200 19,500 100,000 20,000 20,000 30,000 6,000 Inventory Land Mortgage payable Notes payable Retained earnings Supplies $18,000 44,000 97,500 34,000 48,500 700

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a b L A A A SE A L A A L L A Accounts pa...View the full answer

Financial Accounting Tools For Business Decision Making

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