Question: Review and show your work to the problem below: A recent balance sheet of Denver Tours is provided as follows DENVER TOURS Balance Sheet December
Review and show your work to the problem below:


A recent balance sheet of Denver Tours is provided as follows DENVER TOURS Balance Sheet December 31, current year Assets Cash Accounts receivable Office supplies Prepaid rent Buses Accumulated depreciation: buses Total assets $ 75,1060 14,000 1,500 3,400 $240,00e (18,000) $222,000 $316,00e Liabilities Accounts payable Unearned revenue Total liabilities $140,20e 94,800 $235,00e Stockholders' Equity Capital stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,000 $81,00e $316,00e
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