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The image you provided contains a list of balances for various accounts from the Royal Furnishings Company, dated March 31, 20Y9. Below is a summary of the balances:

- **Accounts Receivable**: $155,250
- **Accumulated Depreciation—Building**: $758,050
- **Administrative Expenses**: $522,950
- **Building**: $2,558,950
- **Cash**: $184,200
- **Common Stock**: $308,650
- **Cost of Goods Sold**: $3,884,500
- **Dividends**: $184,250
- **Interest Expense**: $9,500
- **Inventory**: $1,008,800
- **Notes Payable**: $20,200
- **Office Supplies**: $12,950
- **Retained Earnings**: $1,349,550
- **Salaries Payable**: $7,750

If you need further details on specific accounts or require assistance in calculating totals or analyzing the data for financial reporting, feel free to ask!

Do you have any questions or need further clarification on any of the values?

Here are five related questions:
1. How would you calculate total assets for Royal Furnishings based on this data?
2. What role does "Accumulated Depreciation" play in evaluating the value of the building?
3. How do "Cost of Goods Sold" and "Inventory" relate to each other in financial reporting?
4. Can you explain the significance of "Retained Earnings" for this company?
5. How would you balance the equation for assets, liabilities, and equity using these account balances?

**Tip**: Always subtract accumulated depreciation from the original asset value to get the net book value of the asset!

On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are provided.

This example covers the balance sheet of Royal Furnishings Company, featuring key account balances such as Accounts Receivable, Inventory, Building, and more. Learn how to analyze financial data, calculate total assets, and understand the relationship between cost of goods sold and inventory.

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