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Based on the following data and assuming that the common stock account balance is $54000, what is the balance in retained earnings? Accounts payable $83000
Based on the following data and assuming that the common stock account balance is $54000, what is the balance in retained earnings?
Accounts payable
$83000
Accounts receivable
60000
Cash
81000
Inventory
153000
Buildings
167000
Bonds payable
523000
Supplies
10800
Notes payable
64000
Equipment
354000
$248800
$184800
$155800
$101800
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