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Assume that you are the owner/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30, 2017) the following
Assume that you are the owner/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30, 2017) the following financial data for the company are available: Cash Accounts Receivable Supplies Property and Equipment Other Assets Accounts Payable Notes Payable Other Liabilities Sales Revenue Operating Expenses Selling and Administrative Expenses Advertising and Marketing Expense Interest Expense Retained Earnings, July 1, 2016 Contributed Capital Dividends $ 6,500 116,800 40,000 232,600 15,000 23,400 170,000 26,480 270,000 196,200 46,400 13,800 6,000 50,000 167,000 23,500 3. Prepare a balance sheet at June 30, 2017. CI COLLEGE PARK VETERINARY CLINIC Balance Sheet At June 30, 2017 Assets $ 0 Total assets Liabilities 0 Total liabilities Shareholders' equity 0 Total shareholders' equity Total liabilities and shareholders' equity $ 0
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