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The balance sheet items of Kiner Company as of December 31, current year, follow in random order. Land $ 90,000 Office equipment $ 14,000 Accounts
The balance sheet items of Kiner Company as of December 31, current year, follow in random order.
| Land | $ | 90,000 | Office equipment | $ | 14,000 | |
| Accounts payable | 50,000 | Building | 240,000 | |||
| Accounts receivable | 60,000 | Capital stock | 75,000 | |||
| Cash | 40,000 | Notes payable | 210,000 | |||
| Retained earnings | ? | |||||
a. Compute the amount for Retained earnings.
b. Prepare a balance sheet for the company.
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Cost Accounting Fundamentals Essentials Concepts And Examples
Authors: Steven M. Bragg
7th Edition
1642210846, 978-1642210842
