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calculate 1) Current Assets 2) NonCurrent Assets 3) End of Year Retained Earnings 4) Total investment section on a classified balance sheet. thanks! DEBITS CREDITS
calculate 1) Current Assets 2) NonCurrent Assets 3) End of Year Retained Earnings 4) Total investment section on a classified balance sheet.
thanks!
DEBITS CREDITS $450,000 $38,450 Cash Accounts Receivable Allowance for Doubtful Accounts $3.410 $201.000 Inventories $122.000 Prepaid Assets (less than 1 year) $61,000 Building $1,000,000 Machinery. Equipment, Furniture $380,000 Accumulated Depreciation Held to Maturity Securities $500,000 Prepaid Assets (greater than 1 $1,000 year) Deferred Tax Asset (greater than $90,000 1 year) Accounts Payable Income Taxes Payable Accrued Wages Payable Accrued Interest Payable Notes Payable (greater than 1 year) Bonds Payable (greater than 1 year) Discount on Bonds Payable $150,000 Deferred Tax Liability (greater than 1 year) Retained Earnings Common Stock Sales Revenue General and Administrative $138,000 Expenses Other Expenses $1,553,460 TOTALS $4,483,910 $100,000 $87.000 $501,500 $74.000 $400,000 $900,000 $42.000 $75,000 $100,000 $2,000000 $4,483,910Step by Step Solution
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