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    The balance sheet items of the Prosser Company as of December 31, 2002, follows in random order. You are to prepare a balance sheet for the company...

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    Preparing a Balance Sheet

    The balance sheet items of the Prosser Company as of December 31, 2002, follow in random order. You are to prepare a balance sheet for the company, using a similar sequence for assets as illustrated in Exhibit 2-9. You must compute the amount for Retained Earnings.

    LAND----90,000

    ACCOUNTS PAYABLE---43,800

    ACCOUNTS RECEIVABLE----56,700

    CASH ---36,300

    OFFICE EQUIP----12,400

    BUILDING----210,000

    CAPITAL STOCK ----75,000

    NOTES PAYABLE----207,000

    RETAINED EARNINGS-----?

    PLEASE HELP ME. I DONT KNOW HOW TO DO THIS. PLEASE PUT IT IN EXCEL

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    Solution Summary

    The expert examines balance sheet items of the Prosser Company as of December.

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