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Prepare a balance sheet for DEFT Corporation using the following balances at the end of December. Balances $ 20,000 35,000 32,000 6,800 Accounts Liabilities Expenses Assets Cash Revenues Dividends Total Assets 42,000 4,000 DEFT Corporation Balance Sheet Total liabilities and stockholders' equity

Prepare a balance sheet for DEFT Corporation using the following balances at the end of December. Balances $ 20,000 35,000 32,000 6,800 Accounts Liabilities Expenses Assets Cash Revenues Dividends Total Assets 42,000 4,000 DEFT Corporation Balance Sheet Total liabilities and stockholders' equity

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare a balance sheet for DEFT Corporation using the following balances at the end of December. Balances $ 20,000 35,000 32,000 Accounts Liabilities Expenses Assets Cash Revenues Dividends Total Assets 6,800 42,000 4,000 DEFT Corporation Balance Sheet Total liabilities and stockholders' equity
Transcribed Image Text:Prepare a balance sheet for DEFT Corporation using the following balances at the end of December. Balances $ 20,000 35,000 32,000 Accounts Liabilities Expenses Assets Cash Revenues Dividends Total Assets 6,800 42,000 4,000 DEFT Corporation Balance Sheet Total liabilities and stockholders' equity
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