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based on photo 1, need help filling out balance sheet (assets & liabilities and equity) need line item titles and values please Help System Announcements
based on photo 1, need help filling out balance sheet (assets & liabilities and equity) need line item titles and values please
Help System Announcements CALCULATOR PRINTER VERSION RCES Accounting Cycle Review 6 a-f On December 1, 2020, Coronado Company had the account balances shown below. Credit $1,200 4,000 Cash Accounts Receivable Inventory Equipment Debit $5,100 Accumulated Depreciation - Equipment 4,700 Accounts Payable 2,040* Owner's Capital 20,000 $31,840 26,640 tudy $31,840 *(3,400 x $0.60) The following transactions occurred during December: Dec. 3 Purchased 4,800 units of inventory on account at a cost of $0.74 per unit 5 Sold 5,200 units of Inventory on account for $0.90 per unit. (Coronado sold 3,400 of the $0.60 units and 1,800 of the $0.74.) 7 Granted the December 5 customer $159 credit for 200 units of Inventory returned costing $106. These units were returned to inventory. 17 Purchased 2,300 units of inventory for cash at $0.80 each. 22 Sold 2,500 units of inventory on account for $0.95 per unit. (Coronado sold 2,500 of the $0.74 units.) Adjustment data: 1. Accrued salaries payable $700. 2. Depreciation $360 per month CORONADO COMPANY Balance Sheet Assets . . Liabilities and Owner's Equity + tudy Step by Step Solution
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