Bizilia's Inc. was organized on January 1. At the end of the year, an employee with a

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Bizilia's Inc. was organized on January 1. At the end of the year, an employee with a mathematics degree prepared the following balance sheet:

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List all of the deficiencies that you can identify in this balance sheet and prepare a proper balance sheet.

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 01:09 AM

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Bizilia's Inc. was organized on January 1. At the end of the year, an employee with a

Question:

Bizilia's Inc. Balance Sheet For the Year Ending December 31 Resources Cash Stuff we can sell Land Retained earnings Grand total S 30,000 40,000 53,000 17,000 $146,000 Debts: Money we owe to vendors Contributed capital Grand total 43,000 63,000 S106,000

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Deficiencies in the balance sheet include the following For the year ending December 31 should read ...View the full answer

Financial ACCT2

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