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Balance Sheet The following items are available from records of Freescia Corporation at the end of the current yeart Accounts payable Accounts receivable Advertising expense
Balance Sheet The following items are available from records of Freescia Corporation at the end of the current yeart Accounts payable Accounts receivable Advertising expense Buildings Capital stock Cash $12,060 24,400 2,160 82,500 24,400 4.190 Assets Notes payable Office equipment Retained earnings, end of year Salary and wage expense Sales revenue Using the data given, prepare a balance sheet for Freescia Corporation at the end of the current year. Freescia Corporation Balance Sheet End of the Year Total assets Liabilities and stockholders' equity $50,000 12.000 36,630 7,910 14,740 Total liabilities and stockholders' equity For each non-balance-sheet item, indicate whether it should appear on the income statement or the statement of retained earnings. Should be located in Account
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