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Required information [The following information applies to the questions displayed below.) As of December 31 of the current year, Armani Company's records show the following.
Required information [The following information applies to the questions displayed below.) As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $1,900 cash during the year. Cash Accounts receivable Supplies Equipment Accounts payable Armani, Capital, December 31, prior year Armani, Capital, December 31, current year Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 10,900 9,900 6,900 5.900 12,800 16,900 20,800 13,900 34,800 23,800 20,900 12,900 8.900 Required: Prepare the current year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31 Assets Liabilities Total liabilities Equity Required: Prepare the current year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31 Assets Liabilities Total liabilities Equity Total assets Total liabilities and equity
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