The account balances given below are shown on the balance sheet of a corporation. Marketable securities $

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The account balances given below are shown on the balance sheet of a corporation.

Marketable securities $ 20,000 Invested capital 200,000 Buildings and equipment 400,000 Accounts receivable 80,000 Prepaid rent 17,000 Bonds payable 230,000 Inventories 85,000 Taxes payable 30,000 Accounts payable 16,000 Advance payments from customers 3,000 Interest payable 9,000 Land 19,000 Retained earnings 133,000 Required Arrange three columns corresponding to the balance sheet equation:

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Financial Accounting Reporting And Analysis

ISBN: 9780324149999

6th Edition

Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice

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