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Prepare balance sheet

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Question - A company has the following account balances at the end of the year.

Accounts Balances Equipment $24,500

Accounts payable 2,700

Salaries expense 31,500

Common stock 11,000

Land 16,500

Notes payable 18,500

Service revenue 37,500

Cash 5,700

Retained earnings ?

Required: Use only the appropriate accounts to prepare balance sheet.

Reference no: EM132483392

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