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Complete the following balance sheet. Enter your answers as 12345. Do not use a dollar sign ($), any commas (,), or a decimal point (.).
Complete the following balance sheet. Enter your answers as 12345. Do not use a dollar sign ("$"), any commas (","), or a decimal point (".").
Solve for the following: Accounts receivables (AR): Current Liabilities (Liabilities): Equipment: Retained earnings (RE): Total liabilities and net worth (L&E):
General Manufacturing Company Balance Sheet June 30, 20xx Liabilities and Net Worth Current liabilities $(Liabilities) $ 33,620 $(AR) $ 10,000 Asset Current assets Cash Accounts receivables Inwentory Fixed assets Equipment $(Equipment) Less acumulated depreciation $ (600) Computer $ 12,000 Subtotal fixed assets Equity Capital stock Retained earnings $ 45,000 $(RE) $ $ 14,400 $ 49,000 Total assets $ 67,000 Total liabilities and equity $(L&E)Step by Step Solution
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