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Question 1: In reference to the balance sheet for Acme Construction Limited below, fill in...

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Accounting

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Question 1: In reference to the balance sheet for Acme Construction Limited below, fill in the blanks for: Total Assets Total Current Assets Accounts Receivable **Show all calculations above Acme Construction Limited Balance Sheet as at December 31, 20XX ASSETS CURRENT ASSETS LIABILITIES CURRENT LIABILITIES Cash $180 Bank $3,000 $6,600 Accounts Receivable Inventory Total Current Assets Accounts Payable Total Current Liabilities $13,150 $9,600 Fixed Assets Land $21,000 $9,600 $500 Long Term Liabilities Mortgage Loan Equipment Loan LT Notes Payable Total Long Term Liabilities Total Liabilities $5,000 $35,000 $14,500 $1,800 $11,500 $67,800 -$8,100 Buildings Equipment Furniture Automobile Subtotal less: Depreciation Total Fixed Assets $31,100 $40.700 $59.700 Equity Share Capital Retained Earnings Total Equity $10.000 $28,890 $38,890 $79,590 TOTAL ASSETS TOTAL LIABILITIES & EQUITY

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