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TockTick Company is preparing to create financial statements at the end of the accounting period. It has the following end of period account balances
TockTick Company is preparing to create financial statements at the end of the accounting period. It has the following end of period account balances (except the balance for retained earnings is the beginning balance): Accounts Payable: $ 45,000 Accounts Receivable: $ 65,000 Accumulated Depreciation-Equipment: $ 50,000 Cash: $ 70,000 Common Stock: $ 200,000 Depreciation Expense: $ 20,000 Dividends: $ 25,000 Equipment: $ 350,000 Prepaid rent: $ 20,000 Rent Expense: $ 5,000 Retained Earnings (beginning balance): $ 30,000 Service Revenue: $ 200,000 Supplies: $ 25,000 Supplies Expense: $ 15,000 Unearned Service Revenue: $ 70,000 OL W C
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