Ch $01$ Ex $1-18,19,20$

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Exercise $1-20($Algo$)$ Preparing a balance sheet LO P$2$

Use the above information to prepare a December $31$ balance sheet for Ernst Consulting.

$\backslash$table$[[$ERNST CONSULTING$],[$Balance Sheet$],[$December $31],[$Assets$,$Liabilities$],[$Cash$,$$$,12,650,$Accounts payable,,$$,8,110],[$Accounts receivable,,$13,520,,,,],[$Land$,,45,940,$Total liabilities,,,$8,110],[$Office equipment,,$17,530,$Equity$],[$Office supplies,,$2,850,$Common stock,,,$83,540],[,,,$Retained earnings,,,$],[,,,?,,,],[?,,,$Total equity,,,$83,540],[$Total assets,$$,92,490,$Total liabilities and,,$$,91,650]]$

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Exercise $1-20($Algo$)$ Preparing a balance sheet LO P$2$

Use the above information to prepare a December $31$ balance sheet for Ernst Consulting.

$\backslash$table$[[$ERNST CONSULTING$],[$Balance Sheet$],[$December $31],[$Assets$,$Liabilities$],[$Cash$,$$$,12,650,$Accounts payable,,$$,8,110],[$Accounts receivable,,$13,520,,,,],[$Land$,,45,940,$Total liabilities,,,$8,110],[$Office equipment,,$17,530,$Equity$],[$Office supplies,,$2,850,$Common stock,,,$83,540],[,,,$Retained earnings,,,$],[,,,?,,,],[?,,,$Total equity,,,$83,540],[$Total assets,$$,92,490,$Total liabilities and,,$$,91,650]]$

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