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Prepare a December 31, 2017 balance sheet for Wildland Fire Warriors from the following: cash,...

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Accounting

Prepare a December 31, 2017 balance sheet for Wildland Fire Warriors from the following: cash, $40,500; accounts payable, $28,500; merchandise inventory, $14,500; Jim Shanel, capital, $47,000; and equipment, $20,500. WILDLAND FIRE WARRIORS Balance Sheet December 31, 2017 Assets Liabilities $ $ Owners Equity Total assets $ Total liabilities and owners equity $

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