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Determine which of the following statements contains the most useful information to help in your decision. Explain what information you used from each statement to help you make your decision.

The following balance sheet data dare for normandy catering service, a corporation, at may 31, 2013:

Accounts Receivable: 18,300 Accounts Payable: 5,200

Notes Payable: 20,000 Cash: 12,200

Equipment, net: 55,000 Common Stock: 42,500

Supplies: 16,400 Retained Earnings: ?

Prepare a balance sheet for Normandy as of May 31, 2013.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9962440

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