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As an accountant for IBM corporation, you need to prepare the balance sheet as of January 30, 2022, using the following data: Account Amount Cash
As an accountant for IBM corporation, you need to prepare the balance sheet as of January 30, 2022, using the following data:
Account | Amount |
Cash | $800,000 |
Accounts Receivable | $600,000 |
Inventory | $400,000 |
Prepaid Expenses | $250,000 |
Property, Plant, and Equipment | $3500,000 |
Accumulated Depreciation | $1,600,000 |
Accounts Payable | $400,000 |
Short-term Notes Payable | $500,000 |
Long-term Debt | $2,600,000 |
Common Stock | $2,100,000 |
Retained Earnings | $1,300,000 |
Prepare the balance sheet for IBM corporation as of January 30, 2022
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