The following financial data for the Revel Corporation was L01 collected as of December 31. All accounts
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The following financial data for the Revel Corporation was L01 collected as of December 31. All accounts have normal balances.
Required
Prepare a classified balance sheet as of December 31.
Transcribed Image Text:
Furniture and equipment $107,000 Accumulated depreciation-furniture and equipment.....$ 48,800 Cash... Common stock Prepaid insurance.. Retained earnings 61,000 Accounts receivable.. 95,200 190,000 Accounts payable.. 19,200 300 Inventory.. 93,000 ?
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Based on the information you provided here is a classified balance sheet for Revel Corporation as of December 31 Assets Current assets Cash 61000 Accounts receivable 95200 Inventory 19200 Prepaid insu...View the full answer
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