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Balance Sheet:

The following items are available from the records of Victor Corporation at the end of the current year:

Accounts payable	$16,900	Delivery expense	$ 4,600
Accounts receivable	5,700	Notes payable	50,000
Buildings	35,000	Office equipment	12,000
Butter and cheese inventory	12,100	Retained earnings, end of year	26,300
Capital stock	25,000	Salary and wage expense	8,230
Cash	21,800	Sales revenue	14,220
Computerized mixers	25,800	Tools	5,800
Required

Prepare a balance sheet. Hint: Not all of the items listed should appear on a balance sheet. For each non-balance-sheet item, indicate where it should appear.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91624217

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