Prepare a balance sheet as of December 31, 2020, for the Diablo Co., from the...
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Finance
Prepare a balance sheet as of December 31, 2020, for the Diablo Co., from the following information: Cash $14,580 Machinery and equipment 60,000 Inventory 24,000 Accounts receivable 97,500 Furniture 45,000 Prepaid Insurance 24,200 Common stock 120,000 Accounts payable 94,000 Retained earningsprior year 15,000 Retained earningscurrent year ? Accumulated depreciation 19,000 Accrued expenses 8,300
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