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Display the balances of Lakeside Ventures as of October 31, 2024, in a table format....

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Question

Accounting

  1. Display the balances of Lakeside Ventures as of October 31, 2024, in a table format. Then, calculate the total assets and total liabilities based on the provided information.

Description

Debit (?)

Credit (?)

Cash

21,000


Accounts Receivable

32,000


Inventory

70,000


Equipment

150,000


Accounts Payable


54,000

Bank Loan


120,000

Equity


130,000

Retained Earnings

10,000


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