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A companies post closing trial balance as of December 31, 2021 is shown below prepare a classified balance sheet at December 31, 2021 A company's
A companies post closing trial balance as of December 31, 2021 is shown below prepare a classified balance sheet at December 31, 2021
A company's post-closing trial balance as of December 31, 2021 is shown below: Credit Accounts Cash Accounts receivable Prepaid insurance Supplies Long-Term Investments Land Buildings Accumulated depreciation Accounts payable Notes payable, due 2022 Interest payable Notes payable, due 2031 Common stock Retained earnings Totals Debit $ 22,300 22,000 4,800 190,000 52,000 45,000 273,000 83,000 37,300 68,000 11,000 128,000 200,000 81,800 $609,100 $609, 100 Prepare a classified balance sheet at December 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) STRONG CORPORATION Balance Sheet As of December 31, 2021 Assets Liabilities and Stockholders' Equity Current Assets: Current liabilities: Total current liabilities Long-term liabilities: Total current assets Long-term assets: Total liabilities Stockholders' Equity: Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity Step by Step Solution
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