Ch $7$ Homework $1$

$10$quirea

Use the following information to prepare a classified balance sheet for Alpha Co$.$ at the end of Year $1.$

$1$

points

$\backslash$table$[[,$Long$-$term notes payable,$23,600],[$Merchandise inventory,$29,400,],[$Retained earnings,$29,245,]]$

References

References

$\backslash$table$[[$ALPHA CO$.],[$Classified Balance Sheet$],[$As of December $31,$ Year $1],[$Assets$,,],[$Current assets$],[$Cash$,$$$,15,630,],[$Accounts receivable,$41,880,],[$Prepaid insurance,$-,],[$Merchandise inventory,$29,245,],[$Total current assets,,$$86,755$