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Prepare a balance sheet in proper format for healthy body

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Reference no: EM132975442

Problem 1: Given the following data, prepare a Balance Sheet in proper format for Healthy Body Clinic dated December 31, 2020

Accounts payable: $20,000
Accounts receivable, net: $60,000
Cash: $30,000
Equity: $230,000
Long-term debt: $120,000
Long-term investments: $100,000
Net property and equipment: $150,000
Other assets: $40,000
Other long-term liabilities: $10,000

Reference no: EM132975442

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