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A corporation has been in business fortwo years. From the financialinformation that is available on January 31 (shown below) make abalance sheet. Accounts receivable: $5,000

A corporation has been in business fortwo years. From the financialinformation that is available on January 31 (shown below) make abalance sheet.

  • Accounts receivable: $5,000
  • Accounts payable: $6,000
  • Cash: $1,500
  • Common stock: $4,000
  • Equipment:$6,000
  • Retained Earnings: $2,500

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