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Question - Consider the following selected account balances of The Gathering Sound, Inc. at the end of the year:
Cost of Sales $7,950
Rent Expense $4,020
Utilities Payable $400
Cash $20,700
Sales $1,700
Accounts Receivable $3,060
Retained Earnings $12,900
Prepaid Insurance $3,250
Utilities Expense $800
Common Stock $7,005
Required - How many of these accounts would appear in The Gathering Sound's year-end balance sheet?
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