ACC 205 Week 1 Exercise 3 Balance sheet preparation
Balance sheet preparation. The following data relate to Preston Company as of December 31, 19XX:
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Cash 17,000 Loan payable 30,000
- Preston, Owners Equity 65,000 Land 21,000
Accounts payable ?
Prepare a balance sheet as of December 31, 19XX. (See Exhibit 1.1 and 1.4)
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