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The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $6,000; accounts receivable, $11,000; inventory, $18,000; equipment, $120,000;
The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $6,000; accounts receivable, $11,000; inventory, $18,000; equipment, $120,000; accumulated depreciation, $44,000; accounts payable, $34,000; salaries payable, $14,000; retained earnings, $11,000; and common stock, $52,000. Prepare a 12/31/2021 balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Balance Sheet At December 31, 2021 Assets $ Current assets Cash Accounts receivable Inventory 6,000 11,000 18,000 35,000 35,000 Liabilities and Shareholders' Equity 0 0 $ 0
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