Use the following accounts and balances to prepare a balance sheet with the accounts in proper order
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Use the following accounts and balances to prepare a balance sheet with the accounts in proper order for Global Company at June 30, 2009, using Exhibit 1-3 as a model:
Accounts Receivable..........$ 1,600
Wages Payable.........................700
Retained Earnings................4,700
Common Stock...................24,000
Building...............................22,000
Cash..............................................?
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Financial and Managerial Accounting
ISBN: 978-1439037805
9th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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