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begin{tabular}{|l|l|l|l|} hline Not accounts recelvable & & & hline end{tabular} Additional information: 1. The recelvables from employees are due on June 30,2025 2. The

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\begin{tabular}{|l|l|l|l|} \hline Not accounts recelvable & & & \\ \hline \end{tabular} Additional information: 1. The recelvables from employees are due on June 30,2025 2. The notes receivable are due in instaliments of $70,000, payable on each September 30 . Interest is payable annually. 3. Short -term investments consist of securites that the company plans to sell in 2025 and $70,000 in treasury bills purchased on December 15 of the current year that mature on Febraary 15, 2025. Long-term investments consist of securities that the compory does not plan to sell in the next year. 4. Doferred revenue represents payments from customers for extended service contracts. Eighty percent of these contracts expire in 2025 , the remainder in 2026. 5. Notes payable consists of two notes, one for $120,000 due on January 15,2026 , and another for $220,000 due on June 30 . 2027. Required: Prepare a classified balance sheet for Vosburgh at December 31,2024. Note: Amounts to be deducted should be indicated by a minus sign. Additional information: 1 The receivables from employees are due on June 30,2025 2. The notes receivable are due in installmests of $70,000, psyable on each September 30 . interest is payable arinualiy. 3. Short-term investments consist of securibies that the company plans to sell in 2025 and $70,000 in treasury bils purchased on December 15 of the current year that mature on February 15, 2025. Long-torm investinents consist of securities that the company does not plan to sell in the next year 4. Deferred revenue represents payments fiom customens foc extended service contriacts. Elghty percent of these controcts expire in 2025 , the remainder in 2026 . 5. Notes payable consists of fwo notes, one for $120,000 due on January 15,2026 , and another for $220,000 die on June 30 . 2027

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