The following account balances were taken from the 2024 post-closing trial balance of the Bowler Corporation: cash,
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The following account balances were taken from the 2024 post-closing trial balance of the Bowler Corporation: cash, $5,000; accounts receivable, $10,000; inventory, $16,000; equipment, $100,000; accumulated depreciation, $40,000; accounts payable, $20,000; salaries payable, $12,000; retained earnings, $9,000; and common stock, $50,000.
Prepare a balance sheet for December 31, 2024.
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