Question

The IT manager of Right Away Realty, Inc. prepared the statement of financial position of the company while the accountant was ill. The statement of financial position contains numerous errors. In particular, the IT manager knew that the statement of financial position should balance, so she plugged in the retained earnings amount to achieve this balance. The retained earnings amount, however, is not correct. All other amounts are accurate, but some are out of place.
Requirement
Prepare a new, corrected statement of financial position for Right Away Realty,


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  • CreatedJuly 08, 2015
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