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- Wayne Holtz is the bookkeeper for Swifty Corporation. Wayne has been trying to get the following balance sheet of Swifty Corporation to balance. It
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Wayne Holtz is the bookkeeper for Swifty Corporation. Wayne has been trying to get the following balance sheet of Swifty Corporation to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Supplies Equipment Dividends Swifty Corporation Balance Sheet December 31, 2017 Liabilities and Stockholders' Equity $10,400 Accounts payable $8,400 17,100 Accounts receivable (19,600 ) 32,400 Common stock 47,600 15,600 Retained earnings 39,100 $75,500 Total liabilities and stockholders' equity $75,500 Total assets Prepare a correct balance sheet. (List assets in order of liquidity.) Swifty Corporation Balance Sheet Assets Liabilities and Stockholders' EquityStep by Step Solution
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