Question

Amounts of the assets and liabilities of Alan Sanders Realty Company, as of July 31, 2014, are given as follows. Also included are revenue, expense, and selected stockholders’ equity fgures for the year ended on that date (amounts in millions):


Requirement
1. Construct the balance sheet of Alan Sanders Realty Company at July 31, 2014. Use the accounting equation to compute ending retainedearnings.


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  • CreatedJuly 25, 2014
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