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3 Use the below Adjusted Trial Balance to compile the following financial statements: Traditional Income Statement, Multistep Income Statement, Statement of Retained Earnings, and Classified
Use the below Adjusted Trial Balance to compile the following financial statements: Traditional Income Statement, Multistep Income Statement, Statement of Retained Earnings, and Classified Balance Sheet.
tableAdjusted Trial BalanceAccount Title,Debit,CreditCashAccounts Recievable,Merchandise inventory,Computer supplies,Prepaid insurance,Prepaid rent,Office equipment,Accumulated depreciationOffice equipment,,Computer equipment,Accumulated depreciationComputer equipment,,Accounts payable,,Wages payable,,Unearned computer services revenue,,Common stock,,Retained earnings,,DividendsComputer services revenue,,SalesSales returns and allowances,Sales discounts,Cost of goods sold,Depreciation expenseOffice equipment,Depreciation expenseComputer equipment,Wages expense,Insurance expense,Rent expense,Computer supplies expense,Advertising expense,Mileage expense,Repairs expenseComputer,Totals
Prepare a classified balance sheet from the adjusted trial balance as of March Report Accounts receivable as a single amount.
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