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Assets, Liabilities, & Stockholders Equity. Show all work please!!!!! 2. Listed below are accounts balances for Drolet Company, as of December 31, 2020. Use this
Assets, Liabilities, & Stockholders Equity.
Show all work please!!!!!
2. Listed below are accounts balances for Drolet Company, as of December 31, 2020. Use this data to answer the questions on this page and the next page regarding a classified Balance Sheet for Drolet Company. [50 points) Accumulated Depreciation/ B &E (234,000) Cash 27,800 Accounts Receivable 200,200 Allowance for Doubtful Accounts (8,350) Inventory 450,450 Building and Equip 864,000 Goodwill 412,000 Land 125,000 terest Receivable 8,000 Patents 46,000 Accounts Payable 105,000 Salaries Payable 98,000 Unearned Revenue 125,000 Note Payable (Due April 2020) 75,000 Note Payable (Due 2022) 300,000 Bond Payable (Due 2027) 700,000 Sales Tax Payable 20,500 Retained Earnings 126,100 Common Stock 308,000 Employee Income Tax Payable 33,500Step by Step Solution
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