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Prepare a balance sheet in a narrative format based on the following list of information, as shown in the table below: Account Amount Owners Equity

Prepare a balance sheet in a narrative format based on the following list of information, as shown in the table below: Account Amount Owners Equity ? Cash 2 700 Accounts payable 43 250 Inventory 31 125 Motor vehicles 18 200 Bank overdraft 33 500 Accounts receivable 2 250 Wages and salaries expenses 5500 Office equipment 4 600 Loan to director 22 000

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