Question
The company's total assets are 39,500 The following listing of the company's accounts and account balances as of Dec 31, Year 3 Accounts Payable
The company's total assets are 39,500 The following listing of the company's accounts and account balances as of Dec 31, Year 3 Accounts Payable 7,700 Accounts Receivable 8,000 Supplies 1,700 Equipment 25,500 Common Stock 15,000 Cash Retained Earnings What is the balance in the cash account? What is the balance in retained earnings?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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