Use the Following Accounts and Balances to Prepare a Balance

question 50

Essay

Use the following accounts and balances to prepare a balance sheet for Havrilla Company at December 31,2010.
$$\begin{array} { |l | r| } \hline\text { Accounts Payable } & \$ 10,000 \\\hline \text { Common Stock } & 12,000 \\\hline \text { Cash } & 4,800 \\\hline \text { Retained Earnings } & 2,400 \\\hline \text { Equipment } & 13,200 \\\hline \text { Accounts Receivable } & 6,400 \\\hline\end{array}$$

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