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The December 3t, Year 4, balance sheet for Burdette Corporation is presented here. These are the only accounts on Burderte's balance sheet. Amounts indicated by
The December 3t, Year 4, balance sheet for Burdette Corporation is presented here. These are the only accounts on Burderte's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information. Required a. Compute the balance in trade accounts payable as of December 31, Year 4. b. Compute the balance in retained earnings as of December 31 , Year 4 c. Compute the balance in the inventory account as of December 34, Year 4. Assume that the level of inventery did not change from! last year) Aequired a. Computs the balance in trade accounts payoble as of December 3t, Year a b. Compute the balance in retained eaminos as of December 31 Year 4 c. Compute the balance in the inventory account as of December 31, Year 4 (Assume that the level of irwentery did not change from last yoar) (For att requirements, negative amounts should be indicated by a minus slgn.)
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