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The assets and liabilities of Rocky's Day Spa on December 31 and its revenue and expenses for the year follow. The capital of the owner
The assets and liabilities of Rocky's Day Spa on December 31 and its revenue and expenses for the year follow. The capital of the owner was $68,000 on January 1. The owner invested an additional $10,000 during the year. Accounts payable $23,760 2,470 Accounts receivable Cash 9,230 $4,375 Spa operating expense 8,490 office expense ??? Spa supplies 98,435 Wages expense 56,000 Drawing 2,130 26,580 Fees earned Spa furniture and equipment Computers 38,170 Prepare a balance sheet for the year ended December 31, Rocky's Day Spa Balance Sheet December 31 Assets Total assets 38,170 Spa furniture and equipment Computers 56,000 Drawing 2,130 Prepare a balance sheet for the year ended December 31. Rocky's Day Spa Balance Sheet December 31 Assets Total assets Vol Q OU Liabilities Owner's Equity Total liabilities and owner's equity
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