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Balance Sheet:
The following items are available from the records of Victor Corporation at the end of the current year:
Accounts payable
$16,900
Delivery expense
$ 4,600
Accounts receivable
5,700
Notes payable
50,000
Buildings
35,000
Office equipment
12,000
Butter and cheese inventory
12,100
Retained earnings, end of year
26,300
Capital stock
25,000
Salary and wage expense
8,230
Cash
21,800
Sales revenue
14,220
Computerized mixers
25,800
Tools
5,800
Required
Prepare a balance sheet. Hint: Not all of the items listed should appear on a balance sheet. For each non-balance-sheet item, indicate where it should appear.
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