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Business, 21.02.2020 22:55 coolquezzie

Prepare a balance sheet in proper format for the company as of December 31st
based on the following accounts. Answer questions 8 through 10 based on this
balance sheet.
Accounts Payable
5,000
Long-term Notes Receivable
10,000
Accounts Receivable
15,000
Accrued Expenses
3,000
Cash
10,000
Short-term Notes Payable
7,000
Retained Earnings
2,000
Accumulated depreciation
2,000
Prepaid Expenses
3,000
Capital Stock
8,000
Supplies
7,000
8. What are the company's total liabilities?
O $10,000
O $25000
O $7000
O $28,000

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Prepare a balance sheet in proper format for the company as of December 31st
based on the follo...
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