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How do i solve this? Balance Sheet After its first month of operations, the following amounts were taken from the accounting records of Big Mountain
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Balance Sheet After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9. Cash $153,700 Notes payable $101,500 Common stock Rent expense 72,500 14,500 Retained earnings Dividends 29,000 0 Interest expense Salaries expense 5,800 217,500 Sales commissions Land 121,800 420,500 Utilities expense Miscellaneous expense 8,700 43,500 Prepare a balance sheet as of June 30, 20Y9 Big Mountain Realty Inc. Balance Sheet June 30, 20Y9 Assets Cash 153,700 Land 121,800 275,500 Total assets Liabilities Notes payable 101,500 Stockholders' Equity Retained earnings Dividends 29,000 C Interest expense 5,800 Salaries expense 217,500 Land 121,800 Sales commissions 420,500 Miscellaneous expense Utilities expense 8,700 43,500 Prepare a balance sheet as of June 30, 20Y9 Big Mountain Realty Inc. Balance Sheet June 30, 20Y9 Assets Cash 153,700 Land 121,800 275,500 Total assets Liabilities Notes payable 101,500 Stockholders' Equity Common stock 72,500 Retained earnings 101,500 174,000 Total stockholders' equity 449,500 Total liabilities and stockholders' equityStep by Step Solution
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