Question: The IT manager of Aztec Realty, Inc. prepared the statement of financial position of the company while the accountant was ill. The statement of financial

The IT manager of Aztec Realty, Inc. prepared the statement of financial position of the company while the accountant was ill. The statement of financial position contains numerous errors. In particular, the IT manager knew that the statement of financial position should balance, so she plugged in the retained earnings amount to achieve this balance. The retained earnings amount, however, is not correct. All other amounts are accurate, but some are out of place.
The IT manager of Aztec Realty, Inc. prepared the statement

Requirement
Prepare a new, corrected statement of financial position for Aztec Realty, Inc.

Aztec Realty, Inc Balance Sheet Month Ended June 30, 2013 ASSETS LIABILITIES $ 200 900 1,400 5,700 $ 9,000 Accounts Payable 1,000 Utilities Expense Rent Expense Supplies Expense Salaries Payable Equipment 350 Accounts Receivable 1,750 Notes Payable 7,500 SHAREHOLDERS' EQUITY Common Shares Supplies Retained Earnings Total Shareholders' Equity Total Liabilities & 8,000 800 2.600 11,400 Total Assets $19,600Shareholders' Equity $19,600

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