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The year-end adjusted trial balance of hilltoppers corporation included the following account balances: cash $4700; equipment $16700; accounts payable $2700; common stock $11000; retained earnings
The year-end adjusted trial balance of hilltoppers corporation included the following account balances: cash $4700; equipment $16700; accounts payable $2700; common stock $11000; retained earnings $7500; dividends $1100; service revenue $15700; salaries expense $10700; and utilities $3700.
Please give an explanation as well.
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