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Question - Prepare a balance sheet for Bargain Books as of July 31, 2016. Bargain's account balances for the month ending July 31, 2016 are:
Cash $2,800
Rent expense $33,200
Accounts receivable 37,000
Utilities expense 1,060
Office supplies 6,200
Salaries expense 32,000
Office equipment 58,300
Misc. expenses 290
Land 140,000
Retained earnings, July 1 24,300
Sales 110,000
Common stock 152,250
Cash dividends 5,300
Accounts payable 29,600
Financial Statement Analysis and Preparation
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