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Problem - Suppose a company has the following balance sheet accounts; calculate the missing amounts assuming the company has total assets of $48,000.
Accounts
Balances
Land
$8,500
Building
Salaries payable
3,400
Common stock
Accounts payable
2,900
Cash
5,200
Retained earnings
11,800
Supplies
3,200
Equipment
4,700
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showing the t-account work use t-accounts to solve for the missing amounts.1.ap had a balance of 4000 at the beginning
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