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An analysis of the transactions of Cavernous Homes Inc. yields the following totals at December 31: cash, $3,300; accounts receivable, $4,500; notes payable, $4,800; supplies,
An analysis of the transactions of Cavernous Homes Inc. yields the following totals at December 31: cash, $3,300; accounts receivable, $4,500; notes payable, $4,800; supplies, $8,100; common stock, $7,600; and retained earnings, $3,500.
Prepare a balance sheet for Cavernous Homes Inc. at December 31. Cavernous Homes Inc. Balance Sheet December 31 Assets $ II Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $Step by Step Solution
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