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problem: Joan Paul is the bookkeeper for Gazelle Company. Joan has been trying to get the balance sheet of Gazelle firm to balance. It finally balanced, but now he is not sure it is correct.

Gazelle Company
Balance Sheet
December 31, 2007


Liabilities and Stockholders' Equity



Accounts payable




Accounts receivable




Common stock




Retained earnings


Total assets


Total liabilities and stockholders' equity


Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922676

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