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3 5 6 7 8 9 10 tax A scrambled list of accounts are shown below. Unscramble them and produce a balance sheet and income
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A scrambled list of accounts are shown below. Unscramble them and produce a balance sheet and income statement, with the correct order of accounts. You must determine their corret sign in each statement. Also Retained Earnings is left at $0.00, you are to calculate the amount needed to complete the balance sheet. 15,000 50,000 30,000 12,000 50,000 7,500 10,000 Wage Expense Common Stock Long Term Debt Sales Service Cash General and Administration Expense Inventory Retained Earnings Taxes Utility Expense AR Wages Payable Equipment Sales Equipment Depreciation Expense AP Prepaid Insurance Notes Payable Accumulated Depreciation Interest Expense Office Supplies Expense 1,200 2,000 15,000 5,000 40,000 55,000 3,000 15,000 11,000 15,000 (6,000) 1,000 1,000Step by Step Solution
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