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Posted by: std
Price Quoted by Student: $1
Posted On: 2016-01-21 03:03:43
 
Question
The accounts of the Capitan Company are shown below: Capitan Company List of Accounts December 31, 2007 Accounts Payable $20,000 Accounts Receivable 18,000 Accumulated Depreciation 11,000 Capital Stock 75,000 Cash 85,000 Cost of Goods Sold 12,000 Equipment and Buildings 81,000 Inventory 15,000 Long-Term Investment 30,000 Land 27,000 Marketable Securities 3,000 Mortgage Payable 89,000 Patents 4,000 Prepaid Rent 6,000 Rent Expense 24,000 Retained Earnings ? Sales 49,000 Salary Expense 19,000 Supplies 6,000 Taxes Payable 11,000 Unearned Revenue 19,000 Required: Prepare in good form a classified balance sheet at December 31, 2007, for the Capitan Company. Assume that no dividends were declared during 2007.

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Solution Posted By: Admin    Posted on: 21-01-2016

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Solution Posted By: Admin    Posted on: 21-01-2016