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Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100; merchandise inventory, $15,100; Joe Ryan, capital,
Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100; merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100.
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