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The Accounting Equation Determine the missing amount in each of the following cases: BusinessCourse Return to course Course Content / Chapter 4 ? Exam 1

The Accounting Equation
Determine the missing amount in each of the following cases:BusinessCourse
Return to course
Course Content / Chapter 4? Exam 1
Exam 1
Question 25 Incomplete answer Marked out of 8.00, Flag question
Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. All accounts have normal balances.
\table[[Accounts Payable,$44,100,Inventory,$118,100],[Accounts Receivable,40,000,Land,46,100],[Building,67,000,Mortgage Payable (long term),79,100],[Cash,27,100,Office Supplies,3,100],[Common Stock,112,100,Retained Earnings,?],[,,Salaries Payable,8,100]]
\table[[\table[[BERKLY WHOLESALERS],[Balance Sheet],[December 31]]],[Assets,Liabilities & Stockholders' Equity.],[Current Assets:,,,Current Liabilities:,,],[^(),$ 0,,,$ 0,],[*^(),0,,Salaries payable,0,],[Inventory,0,,Total Current Liabilities,,0],[+^(),0,,,,],[Total Current Assets,,0,Long-Term Liabilities:,,],[,,,,0,],[Long-term Assets:,,,Total Long-term Liabilities:,,0],[hat(),0,,,,],[Building,0,,Total Liabilities,,0],[Total Long-Term Assets,,0,,,],[,,,Stockholders' Equity:,,],[,,,,0,],[,,,\Delta ^(),0,],[,,,Total Stockholders' Equity,,0],[Total Assets,,$,Total Liabilities and Stockholders' Equity,,$0]]
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