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Wolfpack Construction has the following account balances at the end of the year. Accounts Equipment Accounts payable Salaries
Use only the appropriate accounts to prepare a balance sheet. WOLFPACK CONSTRUCTION Balance Sheet December 31 Liabilitie / /
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Answer #1
Balance Sheet
Assets Liabilities
Cash $4,100 Accounts Payable 1100
Land 8500 Notes payable 10500
Equipment 16500 Total liabilities 11600
Stockholder Equity
Common stock 11000
Retained Earnings (37900-16400-12000) 6500
Total Stockholder Equity 17500
Total Assets $29,100 Total Liabilities & Stockholder Equity 29100
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