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Assets (Choose one) Accounts Payable Accounts Receivable Advertising Expense Beginning Retained Earnings Capital Stock Cash Consulting Revenue Deferred Revenue ders' Dividends Entertainment Expense Legal Expense

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Assets (Choose one) Accounts Payable Accounts Receivable Advertising Expense Beginning Retained Earnings Capital Stock Cash Consulting Revenue Deferred Revenue ders' Dividends Entertainment Expense Legal Expense Maintenance Expense Net Income Prepaid Rent Rent Expense Retained Earnings Service Revenue Supplies Supplies Expense Travel Expense Utilities Expense To start her own business, Linda White put $27,300 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted: Cash, Accounts Receivable, Service Revenue, Wages Expense, and Wages Payable Item Description Ref. Debit Credit 1 Accounts Receivable 1,700 Cash 0 Service Revenue 1,700 Accounts Receivable 2 Cash 1,000 Service Revenue Accounts Receivable 1,000 Wages Expense 3 Wages Expense 960 Wages Payable Wages Payable 960 $ 4 Wages Payable 650 Cash 650 Required: Prepare a balance sheet on December 31, classifying and ordering all balance sheet accounts in the proper sections. Peterson Company Balance Sheet December 31 Assets (Choose one) Total Assets Liabilities (Choose one) Total Liabilities Stockholders' Equity Choose one) | Total Stockholders' Equity Total Liabilities and Stockholders' Equity $

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