Prepare the correct balance sheet and date it properly. Compute total assets total liabilities and

QUESTION

Danielle Stone, the manager of Image Runner, Inc., prepared the companys balance sheet while the accountant was ill. The balance sheet contains some errors. In particular, Stone knew that the balance sheet should balance, so she plugged in the stockholders equity amount needed to achieve this balance. The stockholders equity amount is not correct. All other amounts are accurate.

Image Runner, Inc.
Balance Sheet
Month Ended October 31, 20X8

Assets

Liabilities

Cash

 

ANSWER:

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