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Question #1: 40 Points From the following accounts and amounts prepare a balance sheet for the Swell Company for December 31, 2019, You must
Question #1: 40 Points From the following accounts and amounts prepare a balance sheet for the Swell Company for December 31, 2019, You must compute the amount for retained earnings to complete the balance sheet. Accounts Payable $61,250 Accounts Receivable $70,500 Building $50,000 Capital Stock $50,000 Cash $64.000 Equipment $30,000 Insurance Expense $5,000 Land $125,000 Notes Payable $175,000 Sales Revenue $25.000 Salaries Expense $20,000
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