Klein Interiors Has the Following Account Balances at the End

question 169

Essay

Klein Interiors has the following account balances at the end of the year. Use only the appropriate accounts to prepare a balance sheet. $$\begin{array} { | l | r | } \hline { \text { Accounts } } & \text { Balances } \\\hline \text { Equipment } & \$ 78,000 \\\hline \text { Accounts Payable } & 12,000 \\\hline \text { Common Stock } & 20,000 \\\hline \text { Service Revenue } & 62,000 \\\hline \text { Cash } & 8,000 \\\hline \text { Retained Earnings } & \mathbf { ? } \\\hline \text { Salaries Expense } & 38,000 \\\hline \text { Notes Payable } & 25,000 \\\hline\end{array}$$

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An observation or datum that is significant enough to warrant attention in a clinical setting, often indicating a variation from normal.

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