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uestion5 0 out of 0.1 points At the end of last year, Ceasars Corporation reported the following items on its balance sheet: Accounts Payable $81,000

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uestion5 0 out of 0.1 points At the end of last year, Ceasars Corporation reported the following items on its balance sheet: Accounts Payable $81,000 Accounts Receivable $74,000 Buildings $287,000 Cash $105,000 Contributed Capital $48,000 Equipment $31,000 Land $50,000; Note Payable (long-term) $73,000 Retained Eanings $XX Supplies $177,000 Unearned Revenue $18,000 Create T-accounts for all of the balance sheet accounts and the additional accounts: Service Revenue, Rent Revenue, Wages Expense and Utilities Expense. Enter beginning balances. Record the current year's transactions from the list below and answer the question that follows. a. Ordered merchandise inventory worth $129,000. b. Received $37,000 from customers who purchased goods on account last year c. Issued additional shares of common stock and received $4,000 d. Received $519,000 for services performed. e. Rented cleaning equipment to an employee, received S600 in payment. f. Paid $67,000 owed to suppliers. g. Recieved the merchandise ordered on credit (transaction a). h. Received $19,000 from customers for services to be performed early next year i. Paid $6,000 in utility bills, $4,000 remains unpaid. i. Paid $274,000 in wages to employees. j. Declared and paid $75,000 in dividends to common stockholders. What is cash balance at the end of this year? (Be sure to include the S in your answer.) Selected Answer: $133,000 Correct Answer: 262.600 0 (S)

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