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On December 31, Green Company had the following list of account balances. Accounts Payable $ 39500 Dividends $ 21000 Accounts Receivable 64200 Equipment 63400 Accumulated
On December 31, Green Company had the following list of account balances. Accounts Payable $ 39500 Dividends $ 21000 Accounts Receivable 64200 Equipment 63400 Accumulated Depreciation, 65400 Prepaid Rent 16700 Buildings Accumulated Depreciation, 17000 Rent Expense 8100 Equipment Beginning Retained Earnings 88500 Salaries Expense 8000 Buildings 84000 Salaries Payable 1700 Capital Stock 55700 Service Revenue 91000 Cash 67800 Supplies 14100 Depreciation Expense, Buildings 2100 Supplies Expense 1800 Depreciation Expense, Equipment 7600 Required: Prepare a balance sheet on December 31. Hint: You will need to determine the net book value for equipment and buildings. You will also need to determine ending retained earnings. Current Assets: (Choose one) Assets Total Current Assets Property, Plant, and Equipment: (Choose one) Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: (Choose one) Total Liabilities Stockholders' Equity (Choose one) Total Stockholders' Equity Total Liabilities and Stockholders' Equity Green Company Balance Sheet December 31
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