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Arrange the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all answers as positive
Arrange the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all answers as positive values.)
Accumulated amortization | $285,000 | |
Retained earnings | 141,600 | |
Cash | 18,000 | |
Bonds payable | 136,000 | |
Accounts receivable | 57,000 | |
Plant and equipmentoriginal cost | 740,000 | |
Accounts payable | 53,000 | |
Allowance for bad debts | 7,400 | |
Common stock, 100,000 shares outstanding | 194,000 | |
Inventory | 84,000 | |
Preferred stock, 1,000 shares outstanding | 80,000 | |
Marketable securities | 20,000 | |
Investments | 26,000 | |
Notes payable (6 months) | 48,000 | |
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