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Brief Exercise 3-7 Balance sheet preparation: missing elements LO3-2, 3-3 The following information is taken from the balance sheet of Raineer Plumbing: cash and cash
Brief Exercise 3-7 Balance sheet preparation: missing elements LO3-2, 3-3 The following information is taken from the balance sheet of Raineer Plumbing: cash and cash equivalents, $41,000; accounts receivable, $121,000; inventories, total current assets, $240,000 property, plant, and equipment (net total assets, $410,000; accounts payable, $33,000, note payable (due in two years), $51,000, common stock, $110,000; and retained earnings, Determine the missing amounts. Inventories Property, plant, and equipment (net) Retained earnings
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