Prepare a balance sheet

The following are selected entries for Warren Clinic for December 31, 2008, in

alphabetical order.

Create Warren Clinic’s balance sheet.

Accounts payable $ 20,000

Accounts receivable, net 60,000

Cash 30,000

Equity 230,000

Long-term debt 120,000

Long-term investments 100,000

Net property and equipment 150,000

Other assets 40,000

Other long-term liabilities 10,000

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