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Mary Burke Banking Company_Balance Sheet




Question;Amounts of the assets and liabilities of Mary Burke Banking Company, as of August 31, 2012, are given as follows. Also included are revenue and expense figures for the year ended on that date (amounts in millions):Total revenue = $ 31.4Receivables= 0.3Current liabilities = 155.4Common stock = 14.2Interest expense =0.1Salary and other employee expenses = 17.4Long-term liabilities = 2.6Investment assets = $169.3Property and equipment, net = 1.6Other expenses = 6.6Retained earnings, beginning = 9.3Retained earnings, ending =?Cash= 2.8Other assets=14.2Construct the balance sheet of Mary Burke Banking Company at August 31, 2012. Use the accounting equation to compute ending retained earnings.


Paper#37206 | Written in 18-Jul-2015

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