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Sonor Limited reported the following accounts (a partial list): Cost of Goods Sold $ 31,000 Accounts Payable $ 6,500 Common Shares, 40,000 shares Retained Earnings
Sonor Limited reported the following accounts (a partial list): Cost of Goods Sold $ 31,000 Accounts Payable $ 6,500 Common Shares, 40,000 shares Retained Earnings 13,000 issued and outstanding 34,000 Unearned Revenue 3,400 Long-term Note Payable 4,800 Cash 24,000 Total assets ? Identify the accounts which belong in the shareholders' equity section of the Sonor Limited balance sheet. Calculate the total shareholders' equity. Complete the shareholders' equity section of Sonor's balance sheet Shareholders' equity: Total shareholders' equity
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