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Question 36
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On June 1, 2014, Shaw Company prepared a balance sheet that shows the following:
Assets (no cash) $125,000
Liabilities 75,000
Stockholders' Equity 50,000
Shortly thereafter, all of the assets were sold for cash. How would the balance sheet appear immediately after the sale of the assets for cash for each of the following cases?
Cash Received for Balances Immediately After Sale
the Assets Assets - Liabilities = Stockholders' Equity
Cash A $135,000 $ $ $
Cash B 120,000
Cash C 105,000
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Question 36 Incorrect answer.Your answer is incorrect. Try again. On June 1, 2014, Shaw Company prepared a balance sheet that shows the following: Assets (no cash) $125,000 Liabilities 75,000 Stockholders' Equity 50,000 Shortly thereafter, all of the assets were sold for cash. How would the balance sheet appear immediately after the sale of the assets for cash for each of the following cases? Cash Received forBalances Immediately After Sale the Assets Assets-Liabilities =Stockholders' Equity Cash A $135,000$Entry field with incorrect answer now contains modified data $Entry field with incorrect answer now contains modified data $Entry field with incorrect answer now contains modified data Cash B 120,000Entry field with incorrect answer now contains modified data Entry field with incorrect answer now contains modified data Entry field with incorrect answer now contains modified data Cash C 105,000Entry field with incorrect answer now contains modified data Entry field with incorrect answer now contains modified data Entry field with incorrect answer now contains modified data Click if you would like to Show Work for this question: Open Show Work

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