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PART IV (50 POINTS) The normal account balances appearing in the ledger of Harris Company as of December 31, 2019, before adjustments are listed below:

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PART IV (50 POINTS) The normal account balances appearing in the ledger of Harris Company as of December 31, 2019, before adjustments are listed below: 4,300 Cash 20,000 Freight Out Sales 90,000 Purchases 35,000 Advertising Expense 3,000 Purchase Discounts 2,000 Merchandise Inventory 22,000 Freight in 1,800 Accounts Payable $7,000 Office Supplies 1,500 Withdrawals 6,000 Accumulated Depreciation - 10,000 Office Building Sales Discounts 12,000 Office Building 30,000 Capital - Bowman 26,600 OTHER INFORMATION (ADJUSTMENT DATA) A physical inventory of the merchandise was taken on December 31, 2019 and it was valued at $20,000. The Periodic Inventory Method is used. The supplies inventory at December 31, 2019 was $400. The estimated life of the building is 30 years and is depreciated using the straight line method of depreciation. PREPARE A) A Worksheet (30 Points) B) A Classified Income Statement. (20 Points)

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