Balance Sheet Creation
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Prepare a December 31 balance sheet using the following data:
Cash: $4,000
Patents: $82,000
Accounts Payable: $6,000
Accounts Receivable: $8,000
Taxes Payable: $2,000
Machinery: $34,000
Bonds Payable: $7,000
Accumulated retained earnings: $6,000
Capital Surplus: $19,000
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Solution Summary
This file contains an MS Excel worksheet that provides an example as well as instructions for the creation of a balance sheet from supplied data.
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Accounting - 08_05_2007
Prepare a December 31 balance sheet using the following data:
Cash: $4,000
Patents: $82,000
Accounts Payable: $6,000
Accounts Receivable: ...
Purchase this Solution
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