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Osgood Corp. prepared the following random list of assets, babilities, revenues, and expenses from its December 31, 2019, accounting records. The beginning retained earnings as
Osgood Corp. prepared the following random list of assets, babilities, revenues, and expenses from its December 31, 2019, accounting records. The beginning retained earnings as of January 1, 2019, was $53,100 and the owner, Osgood Kaur, received dividends of $15,100 during the year. Prepare the balance sheet for Osgood Corp. as of December 31, 2019. Accounts receivable Interest expense Supplies Accounts payable Utilities expense Furniture Salary payable Common shares $28,700 $4,900 $1,300 $106,100 $5,200 $16,000 $2,400 $30,500 Service revenue Cash Note payable Salary expense Interest payable Rent expense Automobiles Land $40,500 $117500 $18,000 $18,000 $1,600 $9,600 $12.900 $23,000
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