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Atlantic Corporation has the following Assets and Liabilities on December 31, 2021 ...

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Accounting

Atlantic Corporation has the following Assets and Liabilities on December 31, 2021

$

Cash

10,000

Accounts Payable

20,000

Inventory

15,000

Owners equity

220,000

Property, Plant & Equipment

250,000

Notes payable

40,000

Accounts Receivable

5000

Based on the above information prepare the Balance Sheet of Atlantic Corporation

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