Mandy Murphy, owner of Murphy and Co. (Saint John, New Brunswick), gave the following list of...

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Mandy Murphy, owner of Murphy and Co. (Saint John, New Brunswick), gave the following list of assets and liabilities to a public accountant and asked him to prepare a balance sheet for the company as of December 31 of last year. On the MurphyandCo tab of your workbook, prepare the balance sheet for Murphy and Co. as of December 31 of last year. Amounts owed to Murphy and Co.: H. Rathburn... L. Braydon. D. Saunders. 2,656.24 5,487.00 ..2,456.95 Amounts owed by Murphy and Co.: Dresdin Enterprise. Bell Insurance.... Highten Finance Company Coleton Suppliers.. Richmond and Co. Office Supplies Bank Balance Office Equipment. .302.58 .251.36Y 3,986.61 16,487.21 1,567.52 .523.65 .8,745.00 14,786.26 Shop Equipment.. ..8,123.61 Bank Loan.. 17,869.21 Mortgage Payable .78,000.00 Building. 170,000.00 Land. 65,000.00 Mandy Murphy, owner of Murphy and Co. (Saint John, New Brunswick), gave the following list of assets and liabilities to a public accountant and asked him to prepare a balance sheet for the company as of December 31 of last year. On the MurphyandCo tab of your workbook, prepare the balance sheet for Murphy and Co. as of December 31 of last year. Amounts owed to Murphy and Co.: H. Rathburn... L. Braydon. D. Saunders. 2,656.24 5,487.00 ..2,456.95 Amounts owed by Murphy and Co.: Dresdin Enterprise. Bell Insurance.... Highten Finance Company Coleton Suppliers.. Richmond and Co. Office Supplies Bank Balance Office Equipment. .302.58 .251.36Y 3,986.61 16,487.21 1,567.52 .523.65 .8,745.00 14,786.26 Shop Equipment.. ..8,123.61 Bank Loan.. 17,869.21 Mortgage Payable .78,000.00 Building. 170,000.00 Land. 65,000.00

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Answer To prepare the balance sheet for Murphy and Co as of December 31 of last year we need to ... View the full answer