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Toby Woods had a capital account in Woods & Company totaling $ 12,280 by year-end. The companys only liabilities for the 2019 calendar year included
Toby Woods had a capital account in Woods & Company totaling $ 12,280 by year-end. The companys only liabilities for the 2019 calendar year included Notes Payable, $18,750; Accounts Payable, $2,300; and Interest Payable, $1,500. The companys asset balances were as follows: Building, $12,000 with $900 in accumulated depreciation; Accounts Receivable, $1,300; Short-Term Investments, $1,980; Land, $18,700; and Cash, $1,750. Prepare the companys balance sheet
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