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Question 2 [40 points] Shawna Cameron, the financial officer of Star Inc., showed the following adjusted account balances for the year ended January 31, 2014.

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Question 2 [40 points] Shawna Cameron, the financial officer of Star Inc., showed the following adjusted account balances for the year ended January 31, 2014. Use this information to prepare the January 31, 2014 classified balance sheet Account Balance (select one) Accounts Receivable 105,500 Balance Sheet Accumulated Depreciation, Automobiles 29,500 (select one) Accumulated Depreciation, Boats 15,000 Advertising Expense 95,000 X HF Advertising Payable 48,500 X HF Automobiles 173,500 X _ HE Boats 136,000 Bonds Payable (due January, 2022) 124,000 Depreciation Expense, Automobiles 7,500 Depreciation Expense, Boats 5,500 Dividends 26,500 Interest Earned 24,500 Interest Expense 37,500 Interest Receivable 6,500 Long-term Investment in Shares. 108,000 Mortgage Payable (due January, 2022) 209,000 Patents 40,500 Prepaid Interest 16,000 Rent Earned 74,000 Rent Receivable 28,500 Retained Earnings 178,500 Share Capital 55,000 Unearned Revenue 28,500

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