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On December 31, Powell Company had the following list of account balances $32000 Dividends $ 13700 69100 Equipment 29700 Accounts Payable Accounts Receivable Accumulated Depreciation,

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On December 31, Powell Company had the following list of account balances $32000 Dividends $ 13700 69100 Equipment 29700 Accounts Payable Accounts Receivable Accumulated Depreciation, Buildings Accumulated Depreciation, Equipment Beginning Retained Earnings 41000 Prepaid Rent 15800 17100 2800 Rent Expense Salaries Expense 97000 7300 Buildings 106000 Salaries Payable 9.400 Capital Stock 37700 85200 Service Revenue Supplies Cash 40800 10100 9000 Supplies Expense 8400 Depreciation Expense, Buildings Depreciation Expense, Equipment 6700 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. Powell Company Balance Sheet December 31 Assets Current Assets Choose Total Current Assets Property. Plant, and Equipment: Choose Total Property. Plant, and Equipment Total Assets Liabilities Current abilities: Channel Total Liabilities Stockholders' Equity Choose B Total Stockholders' Equity Total abities and Stockholders' Equity

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