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Richard Hacker is a realtor. He organized his business as a corporation on August 16, 2022. The business received $60,000 cash from Hacker and
Richard Hacker is a realtor. He organized his business as a corporation on August 16, 2022. The business received $60,000 cash from Hacker and issued common stock. Consider the following facts as of August 31, 2022: (Click the icon to view the facts.) Read the requirements. Requirement 1. Prepare the balance sheet of the real estate business of Richard Hacker Realtor, Inc., at August 31, 2022. First prepare the balance sheet header, then complete the assets section of the statement. Finally, complete the liabilities and stockholders' equity section of the statement. (Do not classify the balance sheet into current and long-term sections. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If an input field is not used in the balance sheet leave the field empty; do not select a label or enter a zero.)
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