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(All of the above accounts have their standard or normal debit or credit balance) Additional information 1. The land account includes land which cost $20,000

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(All of the above accounts have their standard or normal debit or credit balance) Additional information 1. The land account includes land which cost $20,000 that the company holds as a long term investment 2. The notes payable account consists of a. $100,000 note due in six months b. $150,000 note due in three equal installments each six months apart with the first $50,000 payment due August, 20x4 3. The cash account includes $4,000 bank certificate of deposit investment that was purchased on Sept. 1, 20x3 and will mature in June, 20x4 and $21,000 set aside in a fund to pay bonds payable that mature in 20X9. 4. The company recorded all adjustments but forgot to record a dividend declared at year-end of $15,000. 5. The $44,000 in the marketable securities account represents an investment in the common stock of another corporation that the company just purchased. Snead intends to sell one-half of the stock within the next year 5. Unearned revenue will be earned in the following year Indicate the proper balance sheet classification (after considering the additional information above) of accounts in the 12/31/X3 trial balance SHOW YOUR WORK SO I CAN GIVE PARTIAL CREDIT 1. Current assets 2. What is Accounts Receivable, net that will show on the balance sheet? 3. Property, Plant, and Equipment and Intangibles 4. Long-term investments 5. Current liabilities 6. Total Stockholders' Equity HTML Editor . El e ayG G. @ -T T. 12pt CBOO

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