Lori Milner is the bookkeeper for Philco Company Inc Lori
Lori Milner is the bookkeeper for Philco Company, Inc. Lori has been trying to get the company’s balance sheet to balance. She finally got it to balance, but she still isn’t sure that it is correct.


Instructions
Explain to Lori Milner in a memo (a) the purpose of a balance sheet, and (b) why this balance sheet is incorrect and what she should do to correctit.
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