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Dec. 31, 2021 Cash.............. $12,000 Accounts receivable...... 8,000 Inventory........... 7,000 Prepaid expenses.... 3,000 Equipment 20,000 LUCAS COMPANY Comparative Balance Sheet Accumulated depreciation-Equipment (2.000) Total
Dec. 31, 2021 Cash.............. $12,000 Accounts receivable...... 8,000 Inventory........... 7,000 Prepaid expenses.... 3,000 Equipment 20,000 LUCAS COMPANY Comparative Balance Sheet Accumulated depreciation-Equipment (2.000) Total assets....... $48,000 Dec. 31, 2022 Assets $54,000 6,000 11,000 2,000 20,000 (3,000) $90,000
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
9th edition
9781118803035, 1118582551, 1118803035, 978-1118582558
