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! Required information [ The following information applies to the questions displayed below. ] Pratt Corporation started the Year 2 accounting period with total assets
Required information The following information applies to the questions displayed below. Pratt Corporation started the Year accounting period with total assets of $ cash, $ of liabilities, and $ of retained earnings. During the Year accounting period, the Retained Earnings account increased by $ The bookkeeper reported that Pratt paid cash expenses of $ and paid a $ cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $ cash to reduce the liability owed to a bank, and the business acquired $ of additional cash from the issue of common stock. Assume all transactions are cash transactions. c Prepare the Year balance sheet. Prev of Next
Required information
The following information applies to the questions displayed below.
Pratt Corporation started the Year accounting period with total assets of $ cash, $ of liabilities, and $ of retained earnings. During the Year accounting period, the Retained Earnings account increased by $ The bookkeeper reported that Pratt paid cash expenses of $ and paid a $ cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $ cash to reduce the liability owed to a bank, and the business acquired $ of additional cash from the issue of common stock. Assume all transactions are cash transactions.
c Prepare the Year balance sheet.
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