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A company has the following account balances at the end of the year.
AccountsBalances
Equipment$17,000
Accounts payable 1,200
Salaries expense 24,000
Common stock 10,000
Land 9,000
Notes payable 11,000
Service revenue 30,000
Cash 4,200
Retained earnings ?
Required:
Problem 1: Use only the appropriate accounts to create a balance sheet.
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