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CashAccountsReceivableAllowanceforbadDebtsNotesReceivablePrepaidInsuranceCarAccumulatedDepreciationAccountsPayableNotesPayableLaredo,CapitalLaredo,PersonalPlacementIncomeRentExpenseSalariesExpenseInterestIncomeInterestExpenseGas&OilExpenseSuppliesExpense80,00030,0001,5006,5003,750365,00022,50025,00015,000334,05035,000380,00076,500168,0002,5001,80011,5002,500 Open the ledger balances in the following T accounts and post the adjusting entries. Extract the balances and prepare financial statements. Use line items

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CashAccountsReceivableAllowanceforbadDebtsNotesReceivablePrepaidInsuranceCarAccumulatedDepreciationAccountsPayableNotesPayableLaredo,CapitalLaredo,PersonalPlacementIncomeRentExpenseSalariesExpenseInterestIncomeInterestExpenseGas&OilExpenseSuppliesExpense80,00030,0001,5006,5003,750365,00022,50025,00015,000334,05035,000380,00076,500168,0002,5001,80011,5002,500 Open the ledger balances in the following T accounts and post the adjusting entries. Extract the balances and prepare financial statements. Use line items for prepaid expenses, receivables and payables

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