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LAKE CORPORATION ADJUSTED TRIAL BALANCE DECEMBER 31 Cash $15,000 Accounts Receivable 7,000 Supplies 3,000 Prepaid Insurance 5,000 Equipment 24,000 Accumulated Depreciation Equipment Accounts Payable Common

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LAKE CORPORATION ADJUSTED TRIAL BALANCE DECEMBER 31 Cash $15,000 Accounts Receivable 7,000 Supplies 3,000 Prepaid Insurance 5,000 Equipment 24,000 Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings at 1/1 Dividends 8,000 Commission Revenue Depreciation Expense, Equipment 2.000 Wages Expense 14,000 Insurance Expense 4.000 $82.000 $ 6,000 12,000 20,000 10,000 34,000 $82.000 Total Stockholders' Equity at the end of the period is: Select one: a $10,000 b. $16,000 c. $36,000 d. $44,000 e. $82,000 The Looper River Company makes three adjusting entries at 12/31

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