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Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts. Account Name Balance Description

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Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts. Account Name Balance Description Accounts Payable Cash Common Stock $ 2,700 1,450 34,000 Payment is due in 30 days Equipment 47,000 Land 22,400 Notes Payable (long-term) 32,000 Retained Earnings 3,700 Salaries and Wages Payable 550 Supplies 2,100 Includes cash in register and in bank account Stock issued in exchange for owners' contributions Includes deep fryers, microwaves, dishwasher, etc. Held for future site of new restaurant Payment is due in six years Total earnings through September 30 Payment is due in 7 days Includes serving trays, condiment dispensers, etc. Required: 1. Using the above descriptions, prepare a classified balance sheet at September 30. 2. Calculate CCC's current ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the above descriptions, prepare a classified balance sheet at September 30. CHARLIE'S CRISPY CHICKEN Balance Sheet

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