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Page 1 of 1, JPG size 4.17 MB. Aug 21, Doc 1 12:104 rent year net income. Liabilities and Owner's Equity Balance Sheet are correct.
Page 1 of 1, JPG size 4.17 MB. Aug 21, Doc 1 12:104 rent year net income. Liabilities and Owner's Equity Balance Sheet are correct. The Owner's Capital includes current yea Color > Crop Rotate Size Delete III 12:10 Aug 21, Doc 1 a x Page 1 of 1, JPG size 4.36 MB. Abby Roland is the junior accountant for Cheng Company. Abby has been trying to determine the correct balance sheet for the Cheng Company but can't seem to get it right. She prepared the following incorrect balance sheet CHENG COMPANY Balance Sheet December 31, 2022 Assets Liabilities Cash Supplies Equipment $15.000 Accounts payable $21.000 8,000 Accounts receivable (6,500) 46.000 Owner's capital 67,500 Owner's drawings 13.000 Total liabilities and owner's equity $82,000 Total assets $82,000 Prepare a corrected balance sheet. All numerical amounts are correct. The Owner's Capital includes current year investments and current year net income. Crop >
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