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2 2.66 points eBook Print Submit Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created
2 2.66 points eBook Print Submit Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts. Account Name Balance Accounts Payable $2,300 Cash 1,850 Common Stock 33,000 Equipment 43,000 Land 20,400 Notes Payable (long-term) 28,000 Retained Earnings 3,300 Salaries and Wages Payable, 350 Supplies 1,700 Required: Description Payment is due in 30 days Includes cash in register and in bank account. Stock issued in exchange for owners' contributions Includes deep fryers, microwaves, dishwasher, etc. Held for future site of new restaurant Payment is due in six years Total earnings through September 30 Payment is due in 7 days. Includes serving trays, condiment dispensers, etc. References 1. Using the above descriptions, prepare a classified balance sheet at September 30. 2. Calculate CCC's current ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the above descriptions, prepare a classified balance sheet at September 30. CHARLIE'S CRISPY CHICKEN Balance Sheet 50.m atic MB)
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