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Prepare a December 3 1 , 2 0 2 4 , balance sheet for Wildland Fire Warriors from the following: cash, $ 4 0 ,

Prepare a December 31,2024, balance sheet for Wildland Fire Warriors from the following: cash, $40,000; accounts payable, $28,000; merchandise inventory, $14,000; J Jim Shanel, capital, $46,000; and equipment, $20,000.
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