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John Tate is the bookkeeper for Ivanhoe Company. John has been trying to get the balance sheet of Ivanhoe Company to balance. It finally balanced,
John Tate is the bookkeeper for Ivanhoe Company. John has been trying to get the balance sheet of Ivanhoe Company to balance. It finally balanced, but now he is not sure it is correct.
John Tate is the bookkeeper for Ivanhoe Company. John has been trying to get the balance sheet of Ivanhoe Company to balance. It finally balanced, but now he is not sure it is correct. IVANHOE COMPANY Balance Sheet December 31, 2022 Assets Cash Supplies Equipment Dividends Total assets $12,300 9,200 59,500 13,500 Liabilities and Stockholders' Equity Accounts payable Accounts receivable Common stock Retained earnings Total liabilities and stockholders' equity $17,600 (9,100) 43,500 42,500 $94,500 $94,500 Prepare a correct balance sheet. (List Assets in order of liquidity.) IVANHOE COMPANY Balance Sheet At December 31, 2022 ASSETS Cash $ 12300 Accounts Receivable 9100 Supplies 9200 Equipment 59500 90100 Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Accounts Payable $ 17600 Stockholders' Equity Common Stock $ 43500 Retained Earnings Total Stockholders' Equity 61100.00 Total Liabilities and Stockholders' Equity $ 90100Step by Step Solution
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