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Prepare a balance sheet following the format

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In alphabetical order below are balance sheet items for Lopez Company at December 31, 2010. Kim Lopez is the owner of Lopez Company. Prepare a balance sheet, following the format of Illustration 1-9.

Accounts payable....... $90,000

Accounts receivable...... $72,500

Cash............ $49,000

Kim Lopez, Capital...... $31,500 

Reference no: EM131136338

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