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Question 3 Fort Corp. prepared the following random list of assets, liabilities, revenues, and expenses from its December 31, 2019, accounting records. The beginning retained

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Question 3 Fort Corp. prepared the following random list of assets, liabilities, revenues, and expenses from its December 31, 2019, accounting records. The beginning retained earnings as of January 1, 2019, was $63,100 and the owner, Fort Kaur, received dividends of $15,100 during the year. Prepare the balance sheet for Fort Corp. as of December 31, 2019. Accounts receivable $98,700 Service revenue $45,500 Interest expense $6,900 $187,500 Supplies $1,300 Note payable $72,200 $154,900 Accounts payable $18,000 Salary expense Utilities expense $5,200 Interest payable $9,600 Furniture (Net of Depreciation) $85,000 Rent expense $9,600 Automobiles $104,400 $12,900 Salary payable $30,500 Common shares Land $23,000 $17,000 Depreciation Expense

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