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Business, 09.09.2020 18:01 ghjjn

Problem 1-5B Prepare financial statements (LO1-3) Tar Heel Corporation provides the following information at the end of 2021. Salaries payable to workers at the end of the year $ 3,100 Advertising expense for the year 10,200 Building that has been purchased 78,000 Supplies at the end of the year 4,400 Retained earnings 42,800 Utility expense for the year 5,800 Note payable to the bank 24,000 Service revenue recognized during the year 68,400 Salary expense for the year 26,500 Accounts payable to suppliers 7,500 Dividends paid to shareholders during the year (?) Common stock that has been issued, including $4,000 that was issued this year 23,000 Cash remaining 5,000 Interest expense for the year 2,000 Accounts receivable from customers 13,000 Retained earnings at the beginning of the year 29,700

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