Question: Please help me correct the incorrect entries Near the end of 2017, the management of Dimsdale sheet for December 31, 2017 Sports Co, a merchandising

Please help me correct the incorrect entries  Please help me correct the incorrect entries Near the end of
2017, the management of Dimsdale sheet for December 31, 2017 Sports Co,
a merchandising company, prepared the following estimated balance l DIMSDALE SPORTS COMPANY

Near the end of 2017, the management of Dimsdale sheet for December 31, 2017 Sports Co, a merchandising company, prepared the following estimated balance l DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2017 Assets $ 36,000 525,000 150,000 Cash Accounts receivable Inventory Total current assets Equipment Lesss accumulated depreciation $ 711,000 540,000 67,500 Equipment, net Total assets 472,500 1,183,500 Liabilities and Equity Accounts payable Bank loan payable Taxes payable (due 3/15/2018) Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity 360,000 15,000 90,000 $465,000 472,500 246,000 718,500 $1,183,500 Near the end of 2017, the management of Dimsdale sheet for December 31, 2017 Sports Co, a merchandising company, prepared the following estimated balance l DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2017 Assets $ 36,000 525,000 150,000 Cash Accounts receivable Inventory Total current assets Equipment Lesss accumulated depreciation $ 711,000 540,000 67,500 Equipment, net Total assets 472,500 1,183,500 Liabilities and Equity Accounts payable Bank loan payable Taxes payable (due 3/15/2018) Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity 360,000 15,000 90,000 $465,000 472,500 246,000 718,500 $1,183,500

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