Question

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


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


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  • CreatedJuly 25, 2014
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