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Cash Common stock Dividends Interest expense Land Miscellaneous expense Cash Land Total assets Notes payable $79,500 Prepare a balance sheet as of June 30, 20Y9. Common stock Retained earnings 37,500 15,000 3,000 63,000 4,500 Assets Liabilities Stockholders' Equity Notes payable Total stockholders' equity Total liabilities and stockholders' equity Rent expense Retained earnings Big Mountain Realty Inc. Balance Sheet June 30, 20Y9 Salaries expense Sales commissions Utilities expense 37,500 ✔ 79,500 63,000 142,500 52,500 $52,500 7,500 ? 112,500 217,500 22,500

Cash Common stock Dividends Interest expense Land Miscellaneous expense Cash Land Total assets Notes payable $79,500 Prepare a balance sheet as of June 30, 20Y9. Common stock Retained earnings 37,500 15,000 3,000 63,000 4,500 Assets Liabilities Stockholders' Equity Notes payable Total stockholders' equity Total liabilities and stockholders' equity Rent expense Retained earnings Big Mountain Realty Inc. Balance Sheet June 30, 20Y9 Salaries expense Sales commissions Utilities expense 37,500 ✔ 79,500 63,000 142,500 52,500 $52,500 7,500 ? 112,500 217,500 22,500

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.1E
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Cash Common stock Dividends Interest expense Land Miscellaneous expense Cash Land Total assets Notes payable Common stock $79,500 Prepare a balance sheet as of June 30, 201⁹. Retained earnings 37,500 15,000 3,000 63,000 4,500 Assets Liabilities Stockholders' Equity Notes payable Total stockholders' equity Total liabilities and stockholders' equity Rent expense Retained earnings Big Mountain Realty Inc. Balance Sheet June 30, 20Y9 Salaries expense Sales commissions Utilities expense 37,500 ✓ $ 79,500 63,000 142,500 52,500 00 ✓ $52,500 7,500 ? 112,500 217,500 22,500
Transcribed Image Text:Cash Common stock Dividends Interest expense Land Miscellaneous expense Cash Land Total assets Notes payable Common stock $79,500 Prepare a balance sheet as of June 30, 201⁹. Retained earnings 37,500 15,000 3,000 63,000 4,500 Assets Liabilities Stockholders' Equity Notes payable Total stockholders' equity Total liabilities and stockholders' equity Rent expense Retained earnings Big Mountain Realty Inc. Balance Sheet June 30, 20Y9 Salaries expense Sales commissions Utilities expense 37,500 ✓ $ 79,500 63,000 142,500 52,500 00 ✓ $52,500 7,500 ? 112,500 217,500 22,500
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