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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $
The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $ 3,200 Accounts receivable 1,600 Common stock 1,900 Revenue 1,000 Expense What is the amount of total assets on Carolina's December 31, Year 1 balance sheet? Multiple Choice $6,500 $8,400 $8,100 O $5,100
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