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a. University Street Parking rents space that requires a rental payment of $9,100 per month. University Street Parking has prepaid rent through March 31 ,
a. University Street Parking rents space that requires a rental payment of $9,100 per month. University Street Parking has prepaid rent through March 31 , 2024 . b. At December 31, 2023, University Street Parking owes employees wages of $12,500. c. University Street Parking should have total depreciation expense on equipment for 2023 of $14,300. d. The note payable of $160,000 has an interest rate of 6.75%. University Street Parking has paid interest through October 31,2023 . Prepare a properly classified balance sheet as of December 31,2023 , using the post-adjustment account balances
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