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Boeing Company has the following balances as of December 31, 2023: Cash: $300,000 Accounts Receivable: $500,000 Prepaid Insurance: $60,000 Equipment: $2,500,000 Accumulated Depreciation: $1,000,000 Accounts

Boeing Company has the following balances as of December 31, 2023:

  • Cash: $300,000
  • Accounts Receivable: $500,000
  • Prepaid Insurance: $60,000
  • Equipment: $2,500,000
  • Accumulated Depreciation: $1,000,000
  • Accounts Payable: $300,000
  • Salaries Payable: $100,000
  • Common Stock: $900,000
  • Retained Earnings: $560,000

Prepare a classified balance sheet for Boeing Company as of December 31, 2023.

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