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Sheffield Corp. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $843000 183000 O $559500. O $1009500. O $1399500. O $490000. 245000 744000 201000 59000 25000 124000 88500 426000 Sheffield's assets on December 31, 2022 are:

Sheffield Corp. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $843000 183000 O $559500. O $1009500. O $1399500. O $490000. 245000 744000 201000 59000 25000 124000 88500 426000 Sheffield's assets on December 31, 2022 are:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Sheffield Corp. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 Sheffield's assets on December 31, 2022 are: O $559500. $1009500. $1399500. $843000 183000 245000 744000 201000 59000 25000 124000 88500 426000 O $490000.
Transcribed Image Text:Sheffield Corp. compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 Sheffield's assets on December 31, 2022 are: O $559500. $1009500. $1399500. $843000 183000 245000 744000 201000 59000 25000 124000 88500 426000 O $490000.
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