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Northstar Corp. began operations 2 years ago. Its adjusted account balances at May 31, 2014 are shown below. Northstar Corp. issued shares worth $10,000 during
Northstar Corp. began operations 2 years ago. Its adjusted account balances at May 31, 2014 are shown below. Northstar Corp. issued shares worth $10,000 during May, 2014. Use this information to prepare the following classified balance sheet at May 31: (select one) Balance Sheet (select one) TTT X X X X X Account Balance Accounts receivable 3,420 Accumulated depreciation, building. 7,810 Accumulated depreciation, equipment 2,190 Building.. 65,980 Cash 1,810 Commissions earned 12,350 Consulting revenue earned 12,100 Copyright 5,520 Depreciation expense, building 1,930 Depreciation expense, equipment 1,560 Dividends 2,510 Equipment 14,030 Interest earned 1,230 Interest expense 3,550 Interest receivable 710 Land 6,640 Long-term notes payable 19,900 Long-term investment in shares 6,440 Mortgage Payable (due November, 2023) 24,410 Prepaid interest 610 Property taxes expense 2,670 Property taxes payable 4,960 Retained earnings Salaries expense Salaries payable Share capital Trademark 5,620 4,670 15,990 18.510 3,020
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