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3. Maverick Company has the following account balances at the end of December. Show that Maverick's balance sheet would balance using the accounting equation. Cash

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3. Maverick Company has the following account balances at the end of December. Show that Maverick's balance sheet would balance using the accounting equation. Cash $8,000 Capital Stock $120,000 Inventory $16,000 Note Payable $45,000 Retained Earnings $29,000 Building $150,000 Equipment $20,000

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