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Adobe Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2018. Accounts Payable $ 1,350
Adobe Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2018. Accounts Payable $ 1,350 Accounts Receivable 1,330 Accumulated Amortization 650 Accumulated Depreciation 1,400 Allowance for Doubtful Accounts 15 Cash and Cash Equivalents 1,640 Common Stock 450 Deferred Revenue 2,915 Equipment 13,060 Income Taxes Payable 35 Notes Payable (long-term) 5,105 Notes Receivable (long-term) 185 Prepaid Rent 310 Retained Earnings 8,915 Service Revenue 485 Short-Term Investments 1,590 Software 2,720 Required: Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. (One of the accounts does not belong on the balance sheet.) (Ent
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