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a. On December 1, Butler purchased Land costing $150,000 by making a cash down payment of $50,000 and signing a Long Term Note for the

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a. On December 1, Butler purchased Land costing $150,000 by making a cash down payment of $50,000 and signing a Long Term Note for the balance. December 1, Butler paid $4,800 cash to the landlord for rent for the next 12 onths. December 10, Butler purchased $600 of Office Supplies on account. d. On December 15, Butler billed customers for services in the month of December totaling $12,000. e. On December 20, Butler collected $4,000 of the amounts previously billed on December 15. f. On December 20, Butler paid for the Office Supplies purchased on December 10. g. On December 31, Butler recorded an adjustment to record $30,000 of salaries for the month of December, not previously recorded. The amount will be paid in January h. On December 31, Butler counted supplies on hand to be $150 and recorded an adjustment. i. On December 31, Butler recorded an adjustment for the portion of rent that had expired during the month. j. On December 31, Butler made the required adjustment for interest on a Note Payable. The Note was a $1,000, 120-day, 4% annual note that was made with a supplier on October 1. No adjustments related to the note have been made since the issuance. The following are selected accounts from XYZ Company's 2022 Financial Statements: Goodwill Common stock Equipment Accounts payable Patents Stock investments (long-term) Accounts receivable Prepaid rent Debt investments (short-term) Retained earnings Cash Notes payable (long-term) Unearned sales revenue Accumulated depreciation-equipment $3,990 6,450 2,410 120 220 3,070 1,190 200 1,210 6,580 2,280 750 420 250 Prepare a Classified Balance Sheet for December 31, 2022

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