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Required information (The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of

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Required information (The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies office equipment Trucks Building Land Accounts payable Note payable 2018 $ 54,206 29,424 4,641 142, 476 55,753 0 0 77,355 0 2019 $ 10,426 23,068 3.400 151,764 64,753 185,857 46,378 38,366 132,235 Required: 1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities Answer is not complete. Assets Accounts receivable Cash NETTLE DISTRIBUTION Balance Sheet December 31, 2018 Liabilities Accounts payable Notes payable Office equipment Equity Total equity Total liabilities and equity $ Total assets

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