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Brynny, Inc. at December 31 and their balances. The December 31, 20X2 amounts listed for the Income Statement accounts are before the closing entry has

Brynny, Inc. at December 31 and their balances. The December 31, 20X2 amounts listed for the Income Statement accounts are before the closing entry has been posted. The amounts for the Balance Sheet accounts are after the closing entry has been posted

Cash 75,000 35,000
Accounts Receivable 155,000 62,000
Allowance for Doubtful Accounts 5,000 2,000
Inventory 72,000 35,000
Prepaid Insurance 4,000 5,000
Building 100,000 100,000
Land 60,000 60,000
Equipment 120,000 100,000
Accumulated Depreciation 95,000 71,000
Security Deposit 10,000 5,000
Accounts Payable 80,000 120,000
Salaries Payable 13,000 10,000
Taxes Payable 4,000 8,000
Note Payable 50,000 60,000
Common Stock 210,000 70,000
Retained Earnings 139,000 61,000
Advertising Expense 8,000
Cost of Goods Sold 380,000
Depreciation Expense 24,000
Interest Expense 5,000
Insurance Expense 3,000
Rent Expense 36,000
Sales 780,000
Salary Expense 200,000
Tax Expense 24,000
Utilities Expense 12,000

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