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Consider the following account balances of the Thayer Auditing Firm at the end of the year: Supplies Expense $4,400 Salaries Expense $12,800 Cash $1,700 Common
Consider the following account balances of the Thayer Auditing Firm at the end of the year:
Supplies Expense | $4,400 | Salaries Expense | $12,800 |
Cash | $1,700 | Common Stock | $2,400 |
Service Revenue | $8,300 | Supplies | $4,300 |
Retained Earnings | $1,100 | Deferred Revenue | $5,000 |
How many of these accounts would appear in Thayer's year-end balance sheet?
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explain why too, Thanks.
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