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Prepare a balance sheet in good form at December 31, 2020 for Draydon Insurance Co. from the following items: Prepaid insurance Commissions earned Accounts payable
Prepare a balance sheet in good form at December 31, 2020 for Draydon Insurance Co. from the following items: Prepaid insurance Commissions earned Accounts payable Accounts receivable John Ace, capital Office equipment Advertising expense Cash Land Note payable Office supplies Salaries expense Salaries payable Building $1,500 38,000 2,800 1,100 28,800 6,000 1,400 4,100 20,000 72,000 400 7,800 700 100,000
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