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Make a balance sheet use only the appropriate accounts

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Reference no: EM132734795

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.

Reference no: EM132734795

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