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Complete the December 31, 2015 First Year of Operation Balance

Question 385

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Complete the December 31, 2015 first year of operation Balance sheet for Weglein Company using the following information:
a Retained earnings at December 31, 2015 was $51,000.
b Total stockholders' equity at January 1, 2015 was $139,000.
c On December 30, 2015, additional capital stock was sold for cash, $55,000
d The land and building were purchased on December 30, 2015 for $150,000. Complete the December 31, 2015 first year of operation Balance sheet for Weglein Company using the following information: a Retained earnings at December 31, 2015 was $51,000. b Total stockholders' equity at January 1, 2015 was $139,000. c On December 30, 2015, additional capital stock was sold for cash, $55,000 d The land and building were purchased on December 30, 2015 for $150,000.

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Weglein Company
Balance Sheet
December 3...

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