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Question - Conner Corporation's adjusted trial balance included the following items:
Accounts payable $65,000
Accounts Receivable $45,000
Capital Stock $100,000
Cash $50,000
Dividends $10,000
Goodwill $47,000
Interest Expense $4000
Interest Payable $2000
Inventory $32,000
Notes Payable $80,000
Prepaid Expenses $5000
Property, plant and equip $123,000
Retained earnings $46,000
Rent Expense $18,000
Revenues $101,000
Salaries $60,000
In a worksheet the balance that would be transferred from the retained earning column to the balance sheet columns would result in a debit or credit of how much being entered to the balance sheet columns? How mush are total assets?
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