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19. Prepare a balance sheet in conventional format for the Chase Corporation as of August 31, 2005, using the following data: Accounts Payable Accounts Receivable

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19. Prepare a balance sheet in conventional format for the Chase Corporation as of August 31, 2005, using the following data: Accounts Payable Accounts Receivable Accrued Vacation Pay Cash Dividends Payable $ 80,000 110,000 16,000 20,000 10,000 Estimated Taxes Payable Interest Payable Inventories Invested Capital Investment in Marketable Securities Investment in Ramsey Corp. (20% ownership) Land Loan to Ramsey Corp. Notes Payable Patents and Trademarks 20,000 6,000 172,000 200,000 10,000 20,000 24,000 10,000 60,000 30,000 72,000 4,000 Plant and Equipment Prepaid Insurance Premiums Retained Earnings 80.000

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