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The Accounting Equation

Determine the missing amount in each of the following cases:$$BusinessCourse

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Course Content $/$ Chapter $\frac{4}{?}$ Exam $1$

Exam $1$

Question $25$ Incomplete answer Marked out of $8\mathrm{.}00,$ Flag question

Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December $31.$ All accounts have normal balances.

$\backslash$table$[[$Accounts Payable,$$44,100,$Inventory,$$118,100],[$Accounts Receivable,$40,000,$Land,$46,100],[$Building$,67,000,$Mortgage Payable $($long term$),79,100],[$Cash$,27,100,$Office Supplies,$3,100],[$Common Stock,$112,100,$Retained Earnings,?$],[,,$Salaries Payable,$8,100]]$

$\backslash$table$[[\backslash$table$[[$BERKLY WHOLESALERS$],[$Balance Sheet$],[$December $31]]],[$Assets$,$Liabilities & Stockholders' Equity.$],[$Current Assets:,,,Current Liabilities:,,$],[^(),$$ $0,,,$$ $0,],[*^(),0,,$Salaries payable,$0,],[$Inventory$,0,,$Total Current Liabilities,,$0],[+^(),0,,,,],[$Total Current Assets,,$0,$Long$-$Term Liabilities:,,$],[,,,,0,],[$Long$-$term Assets:,,,Total Long$-$term Liabilities:,,$0],[$hat$(),0,,,,],[$Building$,0,,$Total Liabilities,,$0],[$Total Long$-$Term Assets,,$0,,,],[,,,$Stockholders' Equity:,,$],[,,,,0,],[,,,\backslash$Delta $^(),0,],[,,,$Total Stockholders' Equity,,$0],[$Total Assets,,$$,$Total Liabilities and Stockholders' Equity,,$$0]]$

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