FINANCIAL ACCOUNTING
Assets Cash 4,895$ Accounts receivable 5,714 Inventories 8,517 Plant and equipment 7,154 Land 981 Total assets 27,261$ Liabilities and Stockholders' Equity Liabilities Accounts payable 7,156$ Notes payable 9,000 Total liabilities 16,156$ Stockholders' Equity Contributed capital 2,000$ Retained earnings 9,105
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