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Calculate the missing amounts

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Reference no: EM131567909

Problem - Suppose a company has the following balance sheet accounts; calculate the missing amounts assuming the company has total assets of $48,000.

Accounts

Balances

Land

$8,500

Building

 

Salaries payable

3,400

Common stock

 

Accounts payable

2,900

Cash

5,200

Retained earnings

11,800

Supplies

3,200

Equipment

4,700

Reference no: EM131567909

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