Supplies $1,500 Accumulated depreciation $800 Equipment ? Loan Payable $23,000 Cash $18,000 Account Receivable $5,400 Land $25,000

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Supplies $1,500 Accumulated depreciation $800 Equipment ? Loan Payable $23,000 Cash $18,000 Account Receivable $5,400 Land $25,000 Louis, Capital ? Account payable $1,200 Total Assets on December 31, 2022, are $54,100

Required: Prepare a balance sheet for Backpacks and More Ltd on December 31 2022. Insert the correct amount for "Equipment" and for "Capital."

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Mar 06, 2024 06:23 AM

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Supplies $1,500 Accumulated depreciation $800 Equipment ? Loan Payable $23,000 Cash $18,000 Account Receivable $5,400 Land $25,000

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Financial Accounting Tools for Business Decision Making

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