Use the following accounts and balances to prepare a balance sheet with the accounts in proper order
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Accounts Receivable....................$3,200
Building.................................$44,000
Wages Payable............................1,400
Common Stock..........................48,000
Retained Earnings........................9,400
Cash.............................................?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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