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Create a balance sheet for the following. Cash Common Stock Inventory Accounts Payable Wage Expense $ 1,500,000.00 $ 170,000.00 $ 1,500,000.00 $ 700,000.00 $ 500,000.00

Create a balance sheet for the following.

Cash Common Stock Inventory Accounts Payable Wage Expense
$ 1,500,000.00 $ 170,000.00 $ 1,500,000.00 $ 700,000.00 $ 500,000.00 $ 701,000.00 $ 700,000.00 $ 100,000.00
$ 500,000.00 $ 120,000.00 $ 170,000.00 $ 406,000.00 $ 4,000.00 $ 1,000.00
$ 25,000.00 $ 90,000.00 $ 90,000.00 $ 4,000.00
$ 870,000.00 $ 701,000.00 Wage Payable
$ 41,500.00 $ 48,000.00 $ 960,000.00 $ 906,000.00 $ 705,000.00 $ 705,000.00 $ 60,000.00
$ 100,000.00 $ 54,000.00 $ -
$ 2,936,500.00 $ 4,000.00
$ 175,000.00 Accounts Receivable Supplies Expense
$ 40,000.00 $ 750,000.00 $ 40,000.00 $ 1,000.00
$ 1,488,500.00 $ 1,448,000.00 Prepaid Insurance $ 660,000.00 $ 500,000.00
$ 48,000.00 $ 9,600.00 $ 870,000.00
Supplies Prepaid Rent $ 38,400.00 Rent Expense
$ 1,000.00 $ 1,000.00 $ 120,000.00 $ 10,000.00 $ 1,410,000.00 $ 1,410,000.00 $ 10,000.00
$ - $ 110,000.00 Notes Receivable $ -
$ 40,000.00 $ 40,000.00
Revenue Cost of Goods Sold $ - Equipment Insurance Expense
$ 750,000.00 $ 500,000.00 $ 100,000.00 $ 10,000.00 $ 9,600.00
$ 660,000.00 $ 406,000.00 $ 90,000.00
$ 1,410,000.00 $ 906,000.00 Dividends
$ 175,000.00 Unearned Income
Advertising Expense Interest Depreciation $ 25,000.00
$ 4,000.00 $ 1,500.00 $ 10,000.00
Total Debits $ 2,996,500.00
Total Credits $ 2,996,500.00

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